Hashtag: #WashingtonDC
PLP Questions Premier On Private Jet Travel
Reports that Premier Craig Cannonier and Minister of Tourism Shawn Crockwell “accepted a private jet ride from a developer bidding on the Club Med property is very troubling,” said Shadow Minister of Tourism Wayne Furbert. “If this story is true, this represents a serious breach of ethics and places a cloud over the whole Club Med... 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
Industry Journal: Bermuda Firms’ Coverage Vital
The latest flare-up in the long-running conflict between domestic US insurers and companies that write reinsurance in the American market from off-shore jurisdictions like Bermuda once again highlights the “vital” Property & Causualty coverage provided by overseas entities, “The Insurance Journal” reports today [Apr. 29]. The... Read more of this article
“New York Times” Op-Ed Cites Bermuda
By encouraging multinational corporations to use accounting techniques which allow them to shift profits to overseas jurisdictions like Bermuda, the US tax code invites corporate tax avoidance says Chye-Ching Huang in a “New York Times” op-ed piece published yesterday [Apr. 11] A federal tax policy analyst with the Center on Budget and Policy... Read more of this article
Bermuda Cited In US Tax Avoidance Report
The use of what it calls ”foreign tax havens” — including Bermuda — is costing the US $150 billion per year in the form of lost tax revenues, according to academic studies cited by a report from the Washington-based US Public Interest Research Group [PIRG] released on Thursday [Apr. 4]. Corporations account for $90 billion... Read more of this article
Bermuda And One Fine “White House Mess”
The “mess” in the title of Christopher Buckley’s satirical 1986 novel “The White House Mess” supposedly refers to the White House food service run by the US Navy — but it more accurately describes the hapless administration of President Thomas Nelson Tucker [invariably known as TNT], whose re-election prospects collapse after... Read more of this article
Bermuda Named In Congressional Tax Studies
The tax bills of US multinationals have dropped sharply in recent years because corporations are off-shoring profits in advantageous tax jurisdictions like Bermuda. Research firm S&P Capital IQ said companies included in the Dow Jones industrial average — a select group with representatives from most major business sectors — are paying... Read more of this article
Premier: Inauguration An ‘Uplifting Experience’
Premier Craig Cannonier has described his visit to Washington DC, for President Barack Obama’s Inauguration as “a very successful one”, noting that he was “proud to represent Bermuda” at such an historical occasion. Premier and Mrs. Cannonier were also among the guests at The President’s Ball being held at the Washington Convention Centre. Premier... Read more of this article
Spelling Bee Champ Meets Washington Wizards
Bermuda’s 2011 Spelldown Champion Nasir Simmons was hosted by the NBA’s Washington Wizards during his family’s all expenses paid trip to Washington DC won as the grand prize in that competition. . Nasir and his family were invited to attend the team’s shoot around prior to the Wizard’s game on April 10 versus the Orlando... Read more of this article
Business Bermuda NY & DC Marketing Tours
Business Bermuda has undertaken an active one-to-one marketing campaign in New York and Washington, DC with the support of Bermuda’s Ministry of Finance that has led to several significant business opportunities for the jurisdiction. Commencing on February 8, 2012 in New York and then again on March 28-30, 2012 in New York and Washington, DC, Business... Read more of this article
GM Cuts Support To The Heartland Institute
Citing its corporate stance that climate change is real, US auto manufacturer General Motors has announced its General Motors Foundation would no longer be funding the Heartland Institute just weeks after the Association of Bermuda Insurers & Reinsurers [ABIR] put distance between itself and the controversial free-market think tank’s position... Read more of this article
US Bill Focuses On Candidates’ Tax Haven Ties
US lawmakers and candidates would have to spell out any financial ties they might have to countries considered to be tax havens — including Bermuda — under a bill introduced by two Democrats in the Senate on yesterday [Mar 29]. The measure, seen by some on Capitol Hill as a jab at Republican presidential candidate Mitt Romney, has little... Read more of this article
