01/30/2023
Inflation and taxes battering middle-class families
Such news will not dramatically decrease costs for Bermuda family wallets.
Tax
01/30/2023
Yes or no vote on GST proposed in a bid to resolve tax impasse
"Fairer Alternative" which promoted immediate savings, getting more money from the corporate sector and reviewing the work of government while delaying any decision on GST until next term once those actions had taken effect.
01/30/2023
Clock ticking on Malta’s tax reform
The tax regime has remained relatively the same despite changes in society
01/26/2023
Arthur Morris joins Grant Thornton
The new set-up adds all-important advisory services to the firm’s client offering.
01/26/2023
Case made for alternative course of action on tax
The package would put off any decision on GST until all those changes and work has been done.
01/23/2023
P&R face further challenges in tax debate
Those two deputies have also launched an attempt to raise the income tax personal allowance from £13,025 to £18,550 – the same as Jersey which collects GST at 5%.
01/20/2023
Think tank lays out “radical alternative” to tax review
He argued this approach could “improve competitiveness and widen the tax base” simultaneously, and that locking in these tax rates would “encourage spending discipline”.
01/20/2023
IoD Guernsey shares member responses to tax review policy letter
Over 80% of respondents believe the tax burden should be shouldered more equally between corporates, individuals and the public service.
01/18/2023
Consumption tax rises “inevitable” without improved growth
One issue was that the tax review had missed opportunities, including establishing a territorial corporate tax regime which is the basis of Deputy Charles Parkinson’s amendment.
01/18/2023
Saffery Champness is recognised as a UK Top Employer 2023
The Top Employers Institute programme certifies organisations based on the results of their HR Best Practices Survey.
01/17/2023
Retail would be "decimated"
Next week the States will debate the Tax Review which recommends a 5% GST along with wider changes to income tax and social security charges.
01/16/2023
Alternative tax package promises greater States savings
Their plans would set in train reviews of corporate tax and what government does, as well as quickly close the public sector pension scheme to new entrants in favour of an alternative package with less risk to the taxpayer.
01/12/2023
Tax analysis advised in Luxembourg after Budget law passed
The changes affect Luxembourg tax transparent entities operating in Luxembourg with foreign shareholders where those shareholders hold at least 50% of voting rights or capital in the Luxembourg entity or hold entitlements to at least 50% of its profits.
01/09/2023
Malta-registered Stanleybet to pay Italian tax in regulator dispute
Stanleybet insists the ADM still denies the company entry into Italy’s licensing system nad accuses the regulator of having “a historical aversion to Stanleybet”
01/06/2023
‘Settle down’ before tax crackdown tie-in
The joint objective of the Ministry of Finance and Department of Inland Revenue is two-fold - to boost both Business Licence and real property tax revenue.
01/05/2023
Tax debate hots up as deputies face the public
That will focus on corporate tax reform as an alternative to a GST - Deputy Parkinson has argued in favour of a territorial corporate tax system instead of the current zero-10 arrangements to raise more revenue.
12/15/2022
Jersey Recognised for Tax Cooperation
Jersey has received the highest rating available in an assessment of its practical implementation of the Common Reporting Standard (CRS) in a report published.
12/12/2022
Govt must reform inequitable tax regime
Besides VAT evasion, the revenue system is plagued with rampant direct tax evasion. About a third of the individuals who have a taxpayer’s identification number submit their income tax returns.
12/12/2022
Higher payroll tax proposed for exempted companies
It proposes a separation of Bermuda’s exempted company employers, singled out for a higher contribution rate in the employer portion of payroll tax
12/08/2022
Tax details are "being lost in the public debate"
The committee believes that "many people" will be better off as a result of this package of measures and it is also warning that "if we do nothing, we’re genuinely concerned that (providing essential services) won’t be possible.