Consultation Document On Corporate Income Tax
The Government has issued a public consultation paper on the possibility of introducing a corporate income tax to apply to Bermuda businesses that are part of Multinational Enterprise Groups with annual revenue of €750M [$821M] or more, with the consultation period set to run until 8th September 2023.
The Government said, “This consultation paper has been formulated to get public feedback on current considerations for appropriate action by the Government of Bermuda in response to the OECD Pillar Two initiative, based on all of the advice received to date. The Government looks forward to receiving feedback from all stakeholders on the following important consultation paper.
“The consultation period will run from 8th August 2023 to 8th September 2023. Submissions received after this date may not be considered. Consultation Paper Responses should be submitted by email to: cjanderson@gov.bm. Respondents should include ‘Introduction of Corporate Income Tax in Bermuda’ in the subject box.”
The full Corporate Income Tax in Bermuda follows below [PDF here]:
“The consultation period will run from 8th August 2023 to 8th September 2023.”
Wow, a whole month, not just a few days.
Of course, that announcement that the consultation period started on 8 August was not made until 10 August, thus reducing the effective consultation period by 2 days.
ObaUBP still has you employed. Your time would be better spent helping them lose the next election.
I have never been employed by or a member of the OBA or the UBP. Go find someone else to troll.
You don’t have to be “employed” by the OBA to point out the PLPs fraudulent practice.
Groomer
Don’t worry uncle Jerry is going to help them lose.
Here is an idea for Burt. Instead of coming up with hairbrained time wasting ideas 9n how to extract money out of businesses and the regular people, how about doing something about the waste right under his nose in the bloated CS.
The IB executives have better things to do with their time than sit around a table with Burt as he is more interested in fooling with his phone than listening to them.
would the last IB person to leave the Island please turn the lights off.
Sorry didn’t get that memo….why wasn’t I consulted ?