This article discusses the US-Bermdua tax relationship, in particular the re-introduction of the Stop Tax Haven Abuse Act by US Senator Carl Levin in March of 2009.
Bermuda's Minister of Finance and industry organisations, such as the Association of Bermuda Insurers and Reinsurers (ABIR), have aggressively made the case in Washington that Bermuda cannot credibly be included in a United States list of so-called "Offshore Secrecy Jurisdictions" said to profit by enabling evasion of taxes otherwise payable "onshore." Advocates for Bermuda point to the fact that Bermuda has a longstanding commitment to transparency and the effective exchange of information in relation to tax matters.
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