Tag: American relations
US ‘Bermuda Loophole’ Legislation Proposed
Two American lawmakers have introduced legislation to end a tax break they say favours foreign-based insurers — including those in Bermuda — over US insurers. Congressman Richard E. Neal [pictured], the ranking Democrat on the House Ways and Means Select Revenue Subcommittee, and Senator Robert Menendez, a Democrat member of the Senate Finance... Read more of this article
Kerry Congratulates Island On Bermuda Day
American Secretary of State John Kerry encouraged Bermudians to enjoy their traditional first swim of the year and the annual parade through Hamilton as they celebrate Bermuda Day on Friday [May 24]. In a statement issued today [May 21], Mr. Kerry — who replaced Hillary Clinton as the US Secretary of State earlier this year — remarked on... Read more of this article
Premier Sends Condolences To Oklahoma
Premier Craig Cannonier contacted the Governor of Oklahoma and expressed Bermuda’s condolences following yesterday’s [May 20] devastating tornado. At least 24 people — including nine children — were killed when a massive tornado struck an area outside Oklahoma City on Monday afternoon, CNN reported. The tornado was estimated to... Read more of this article
The “Floating White House” Bermuda Visit
A one-time presidential yacht once known as “the floating White House” which famously brought Harry S. Truman to Bermuda on an unscheduled holiday in 1946 is rusting away in an Italian shipyard and will likely be scrapped, the UK “Daily Mail” reports.. Built in 1930, the USS “Williamsburg” is currently moored at La... Read more of this article
OECD: “Tax Havens Need To Be Neutralised”
International leaders are moving closer to taking action on corporate tax avoidance – prompted in part by Google’s use of use of Ireland and the Netherlands to shift billions of dollars of earnings to Bermuda — despite challenges, a top official at the Organisation for Economic Co-operation and Development [OECD] said on Wednesday... Read more of this article
US Senator: Bermuda & “Corporate Welfare”
New York Senator Kirsten Gillibrand criticised “corporate welfare for insurance companies based in Bermuda” and other offshore jurisdictions on Tuesday [May 14] after voting against the Farm Bill which passed out of the Senate Agriculture Committee with $4.1 billion in cuts to the Supplemental Nutrition Assistance Program [SNAP]. The legislation... Read more of this article
U.S. Consulate General Staff Donate Vouchers
Staff members at the U.S. Consulate General recently pooled donations in honour of Mother’s Day and used the funds to supply food vouchers for abused mothers and their children to the Centre against Abuse.“To mark Mothers’ Day, May 12th, the U.S. Consulate General collected $250 in staff donations to purchase Marketplace food vouchers... Read more of this article
Archaeologists Confirm Jamestown Cannibalism
Archaeologists have confirmed Jamestown’s colonists resorted to cannibalism during the “starving time” winter of 1609-10 prior to the arrival of two provision-laden ships built in Bermuda by the “Sea Venture” castaways. In a presentation at the Smithsonian’s National Museum of Natural History in Washington DC, archaeologist... Read more of this article
Bermudian Lobbies: Same-Sex US Immigration
A Bermudian woman who is married to an American woman was among the lobbyists who descended on Capitol Hill last week to try and persuade US lawmakers to ensure gay and lesbian couples are covered by new immigration legislation. “Under a 1996 federal law that defines marriage as a union between a man and a woman, Americans cannot apply for green... Read more of this article
New Study On Reinsurance Hubs Released
Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article
