- Reduced payroll taxes for working families to the lowest level in history, saving the average family $2,000 a year in payroll taxes.
-
Customs duty:
- Reduced the duty rate from 5% to 0% for eggs, potatoes, cauliflower, broccoli, carrots, turnips, oranges and apples.
- Reduced the duty rate on clothing, household linens, and shoes.
- Provided duty relief to sporting clubs and youth programmes.
- Implemented payroll tax incentives for the creation of jobs in Bermuda, which supported the creation of 550 new jobs.
- Granted new entrepreneurs a one-year tax holiday.
- Eliminated employer payroll taxes for the disabled.
- Granted additional powers to the existing Price Control Commission to investigate prices.
- Changed laws to require retailers to provide pricing information on staple items.
Do you like this page?