Stop Tax Haven Abuse Act

December 9, 2008

An article came out in yesterdays Royal Gazette as well as on the PLP Blog on Bermuda’s commitment to stopping foreign tax cheats.  Paula Cox told the Royal Gazette:

This Government shares Senator’s Levin’s concerns about tax dodgers. Bermuda has assisted the United States in its efforts to stem tax evasion for 20 years through the tax treaty that was signed in 1988.

Indeed the US Internal Revenue Service has commended Bermuda for its very co-operative assistance through the tax treaty.  The Government of Bermuda has established and maintained positive relationships on Capitol Hill and the tax treaty should stand us in good stead there be a need.

I really don’t see the US leaving Bermuda out of the Stop Tax Haven Abuse Act because we’ve helped them with a few tax dodgers over the last 20 years.  I hope reminding the US Government of this help isn’t Governments sole strategy to tackle Obama’s plan to shut down tax havens.



  1. Regarding taxation in Bermuda. My ex husband is reporting on his taxes an earned income credit of $ 365.00 and that he paid $ 193.00 in taxes to Bermuda. I realize I am talking about very small amounts of money but what could this be and is it pointing at something bigger? I thought Bermuda was a no tax country. Why would this $ 365.00 generate a 50% tax?

    In 2008 he worked in Australia, gone one month, and reports he earned only $ 2300.00. Is there a way he could have sent money to a business or whatever in Bermuda? He checks “NO” on his taxes to the questions about owning foreign companies, bank accts. etc etc. Help!

  2. Nowadays to find a similar Efficient and Effective SEO Automation software at one Time payment of US 99-00 is a rarity\

  3. While Dark Knight Rises , International Olympic Athlete Touches down ready for the Big Competition |

  4. Nowadays to find a similar Efficient and Effective SEO Automation software at one Time payment of US 99-00 is a rarity\

  5. I’ve been browsing online more than three hours today, yet I never found any interesting article like yours Kanji Tattoo,Kanji Lettering,Chinese Character,Kanji Saying,Kanji Script,Kanji Writing | Gwan Soon Lee Tattoo. It is pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the web will be a lot more useful than ever before.

  6. Menarik juga komposisi warnanya… Desain yang simpel dan mengena. Selamat, websitenya keren!

  7. There have been lots of updates to Realtor.ca and there are more changes to come in the next while however, once people get over the conversion factor they will realize the benefits….Like all, change there are growing pains…

  8. Whoa awesome. I identified your site on the search engines and that i subscribed to your blog feed. Keep it up.

  9. A site dedicated to UK Gay men. Know about the rules for gay to gay marriage in UK and find gay event calendar for every city in UK.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: