As a result, a US resident taxpayer attending a legitimate business convention in Bermuda can deduct from his or her USA Internal Revenue Service taxes all costs incurred in Bermuda.
It has been held to be as reasonable for the convention to be held in Bermuda as it is for the convention to be held within the North American area.
In 2015 it was noted abroad, by London's Daily Telegraph and Sunday Times and the UK's Guardian newspapers, that the US Consulate in Bermuda in particular seems to take an exceptionally tolerant view of US-tax avoiding or evading Bermuda-incorporated and Bermuda-resident US corporations, but in startling contrast individual Bermuda-based and foreign (UK and elsewhere) payers of US taxes are not given the same tolerance by the IRS, instead have to go through horrendous bureaucratic hoops to file their returns despite not being either US citizens or US residents.
The USA is the only country in the world that has such overseas tax requirements.
The USA has the world's most complex web of national, state and local taxes and some staggering Federal corporation taxes, highest in the world in Federal taxes and consequent reduction of profits, anti-trust bureaucracy and more.
Thus thousands of US-based corporations (companies), including all the Fortune 500 and individuals have made a point of deliberately avoiding such taxes by incorporating in Bermuda, legally accumulating their profits in their Bermuda entities and ensuring these profits are not repatriated back to the USA to be taxed.
The Koenigs are from St Louis, Missouri, and have four adult children and one grandchild.
It is believed that President Trump, in his avowed policy of "America First" will seek at the earliest possible date in 2017 to have this benefit for Antigua and Barbuda; Aruba; Bahamas, Bermuda; Costa Rica; Dominica; Dominican Republic; Grenada; Guyana; Honduras; Jamaica; Netherlands Antilles; Panama; Trinidad and Tobago removed.According to a press release from the US Consulate, she cares deeply about public service, promoting American interests, and building security, economic, educational, and cultural ties abroad. Dierman was born raised in Cleveland, Ohio, and lives in Delaware with her husband, Roger Dierman. She said: I am honored to have been selected to serve as the next US Consul General to Bermuda, as the United States and Bermuda share an important common history and deep ties.I look forward to getting to know the people of Bermuda, exploring the countrys rich and vibrant culture, and building on the great efforts of Consul General Mary Ellen Koenig to strengthen and expand our special relationship. She is the third career diplomat in succession to head up the Bermuda Consulate, a role that had previously been a political appointment.At the Consulate, special security precautions are in place.The Bermuda facility has a nine-foot high perimeter wall/fence; a vehicle barrier and access control center at the entrance gate; hardened interior walls around the building; and installation of blast-proof windows.