15 June 2007 | The Royal Gazette

Fears that Bermuda's international business sector could be targeted by tough new US tax haven legislation were quashed yesterday by an influential Democratic politician.

Congressman Charles Rangel, chairman of the powerful financial House Ways and Means Committee, told a Government delegation to Washington, DC that Bermuda was not on the list of jurisdictions which could suffer from a proposed clampdown on offshore US business operations.

Premier Ewart Brown and Deputy Premier Paula Cox told The Royal Gazette they were delighted with the outcome of the closed-door talks with Congressman Rangel. MORE! »