Hashtag: #AmericanPoliticians
US Senate Report Critical Of “Tax Havens”
US Senator Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations, released a report today [Oct. 12] that found that a 2004 repatriation tax break allowing US companies to bring $312 billion in offshore earnings back to the United States from off-shore domiciles including Bermuda at an extraordinarily low tax rate did not produce... Read more of this article
McGavick Will Not Run For U.S. Senate
Mike McGavick, chief executive of Bermuda-based re/insurer XL , has no plans to stand for election to the U.S. Senate next year, according to a Reuters report. “I have no political ambitions whatsoever, my ambitions are all about what XL can become,” he told Reuters. “We’re having a lot of fun, it’s a great time in the... Read more of this article
Report: Mass. Governor Vacationing In Bermuda
According to a news report from the Boston Herald, Massachusetts Governor Deval Patrick plans to embark on a 7-day Bermuda vacation starting tomorrow [Aug.5]. “The Patricks plan to travel to Bermuda for seven days, returning next Thursday when they will head north to Maine to round out the trip before coming back to Massachusetts on Sunday,”... Read more of this article
Cox, Burgess, Wilson Meet With U.S Officials
Today [June 12] Premier Paula Cox lead a Ministerial Delegation to Washington, DC for meetings with Congressional Members in the Senate and the House of Representatives as well as with high level officials in President Obama’s Administration including the Departments of Treasury, State and Labour. Premier Cox is joined by Deputy Premier and Minister... Read more of this article
The Bush/Thatcher Good Friday Summit
British Prime Minister Margaret Thatcher and US President George H.W. Bush met in Bermuda on April 13, 1990 to discuss geopolitical affairs — as well as to engage in a Bermudian Good Friday tradition, flying kites on the grounds of Government House. The one-day Bermuda summit focussed on the collapse of the Soviet Union — then in its death... Read more of this article
U.S. Media Reports On Trump’s Bermuda Plane
Numbering on his private jet indicating that real estate tycoon Donald Trump’s plane is registered in Bermuda has caught the attention of some online media outlets in the U.S, especially as Mr Trump is reported to be exploring a possible for run for the Presidency in 2012. When asked if he plans to run for President, the 64-year-old told Fox News... Read more of this article
Watson Meets US Attorney General
Bermudian Motivational Speaker Dennis Rahiim Watson, Chairman of the National Youth and Gang Violence Task Force, was blessed to be among 600 New Yorkers to be invited to hear a keynote speech by United States Attorney General Eric Holder during a Black History Month program sponsored by Congressman Joseph Crowley designed to honor community heroes. Prior... Read more of this article
Bermuda Reinsurers Petition Congress
President Barack Obama’s inclusion of a proposal to deny tax deductions for certain reinsurance premiums paid to foreign-based affiliates by US insurers in his Budget plan has drawn criticism from Bermuda reinsurers. The Coalition for Competitive Insurance Rates (CCIR) — a Washington lobby group which includes the Association of Bermuda... Read more of this article
Bermuda-Booster Ponders US Senate Run
Connecticut Republicans have launched a grassroots effort to draft an outspoken supporter of Bermuda’s off-shore financial services sector as their candidate to challenge for the US Senate seat being vacated by Independent Joe Liberman in 2012. Current state Sen. L. Scott Frantz, a longtime visitor as well as a veteran competitor in the biennial... Read more of this article
US Budget Targets Insurers, Tax Avoiders
President Obama’s proposed US Budget for 2012 reopens the issue of taxing off-shore insurers and also takes aim at multi-nationals which use off-shore financial jurisdictions for “earnings stripping” to lower or entirely eliminate their American tax bill. Unveiled yesterday [Feb. 14], the Budget’s insurance tax provision would apply... Read more of this article
Records Reveal Mayor’s Bermuda Flights
Private aircraft belonging to billionaire New York City Mayor Michael Bloomberg flew to Bermuda 16 times last year and 54 times in all from 2007 through 2010. On 41 trips, the aircraft left New York and spent all or part of the weekend in Bermuda — with one overnight trip to the island coinciding with the city’s December “Snowpocalypse”. Mr.... Read more of this article
U.S. Profiles Former Bermuda Resident
The US Census Bureau has profiled former Bermuda resident Joseph Rainey today [Feb 7], to mark the seventh day of Black History Month. Born into slavery in 1832, Joseph Rainey lived in Bermuda from 1862-1866, and went on to become the first African American to serve in the U.S. House of Representatives, “I tell you that the Negro will never rest... Read more of this article
