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Bermuda is a British Overseas Territory comprising a number of islands, with an area of 54 km 2 (20.8 sq mi), located in the North Atlantic Ocean, which in 2016 had a population of 65,331. [1] Bermuda now has the fourth highest per capita income in the world, [2] primarily fueled by offshore financial services for non-resident firms, especially offshore insurance and reinsurance, and tourism ...
Taxation in Bermuda. Bermuda is considered a tax haven; however, Bermuda does levy a number of taxes, such as a payroll tax on employers [1] and land taxes. [2][3] There is no corporate income tax in Bermuda, and a company is considered a tax resident of Bermuda if it is incorporated in the country. [4] Bermuda has not entered into any double ...
A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax ...
This is a demography of the population of Bermuda including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population, including changes in the demographic make-up of Bermuda over the centuries of its permanent settlement.
The GNI per capita is the dollar value of a country's final income in a year, divided by its population. It should be reflecting the average before tax income of a country's citizens. [citation needed] Knowing a country's GNI per capita is a good first step toward understanding the country's economic strengths and needs, as well as the general standard of living enjoyed by the average citizen ...
Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries (see List of countries by GDP (PPP) per capita). PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation ...
The average wage is a measure of total income after taxes divided by total number of employees employed. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the ...
Bermuda is an archipelago consisting of 181 islands, although the most significant islands are connected by bridges and appear to form one landmass. It has a land area of 54 square kilometres (21 sq mi). Bermuda has a tropical climate, with warm winters and hot summers. Its climate also exhibits oceanic features similar to other coastal areas in the Northern Hemisphere with warm, moist air ...