BERMUDA-FINANCE-Government to clamp down on tax dodgers
Mar 01, 2013
HAMILTON, Bermuda, CMC –The Bermuda government says it will crack down on tax dodgers who owe it a whopping US$85 million in unpaid taxes. A Finance Ministry spokesman said the sum is the total amount of unpaid tax receivables more than 90 days old at the end of 2012. The bulk of the figure, which does not include social insurance contributions, comes from unpaid payroll tax and represents almost 10 per cent of government’s estimated $871 million revenue for the coming financial year.
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