Bmda: Tax review six years late

Government is set to release details of a long awaited tax review on Monday - six years after it was first commissioned.

Details of what exactly is to be released on Monday are scant, after Government simply announced the Minister of Finance Paula Cox will be holding a press conference in the afternoon on the “Tax Report”.

The report is believed to contain recommendations on changes in Bermuda's tax system - a highly sensitive issue and a political hot potato.

Ms Cox said yesterday she did not want to give away details of the press conference before the event but said: “I have already publicly stated on the floor of the House my intention to release the report on April 12, 2004.”