Comments on: House Passes Corporate Income Tax Act https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/ Bermuda's #1 source for 24/7 breaking news, photos & videos Sun, 31 May 2026 16:57:09 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: sage https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5919316 Mon, 18 Dec 2023 21:59:38 +0000 https://bernews.com/?p=1358787#comment-5919316 Name them.

]]> By: The Tempest https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5919239 Mon, 18 Dec 2023 13:51:27 +0000 https://bernews.com/?p=1358787#comment-5919239 Its happening already. I know of a few smaller IB’s that have recently left.

]]> By: Zero https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5919113 Sun, 17 Dec 2023 21:14:20 +0000 https://bernews.com/?p=1358787#comment-5919113 arrogant,disrespect are his only qualities. Oh and wish for total dictatorship go get em comrade burt

]]> By: Vox https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5919049 Sun, 17 Dec 2023 15:01:00 +0000 https://bernews.com/?p=1358787#comment-5919049 This is nothing short of catastrophic for the island.

There is a huge chance that International Business will leave. I know the company I work for are looking to move to Dublin.

]]> By: Steve https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5918932 Sun, 17 Dec 2023 07:57:18 +0000 https://bernews.com/?p=1358787#comment-5918932 Basically this tax revenue is to fund non essential overseas trips so our muppets can go shopping.

]]> By: Vote for me https://bernews.com/2023/12/draft-house-passes-corporate-income-tax-act/#comment-5918769 Sat, 16 Dec 2023 17:44:56 +0000 https://bernews.com/?p=1358787#comment-5918769 Burt showed his full arrogance in the HoA on Friday against any comments that he didn’t like, which included reference to the use of tax experts to help the Government. For every tax expert helping the Government there will be many more helping the companies to legally avoid the tax. Nothing new there. This will likely end up that Bermuda will receive little revenue, but a large expense in monitoring the tax returns. AS Governments love taxes it would not be surprising if over the years corporate tax drops all the way down to local companies.
Time for Burt also to have some answers to basic questions, such as what is the expected tax revenue, how many companies will be affected, how many might leave or downsize.

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