Kerry's War On Bermuda Attacked By Economist

by Amanda Banks, Tax-News.com, London

27 February 2004

Heritage Foundation tax expert and economist Daniel J. Mitchell has rubbished the rhetoric of Democratic Presidential nominee John Kerry both on the offshore tax debate in general and regarding Bermuda in particular.

Speaking to the Royal Gazette, Mr Mitchell observed: “America's number one enemy isn't al Qaeda, Libya, North Korea, or Cuba. It's Bermuda. At least that is what Senator John Kerry of Massachusetts would like American voters to believe.”

“At almost every campaign stop, he maliciously attacks 'Benedict Arnold corporations' who move to Bermuda. The insinuation, of course, is that Bermuda is some sort of predatory regime that provides refuge to scoundrels,” he added.

Mr Mitchell, who is the Heritage Foundation’s chief expert on tax policy and the economy, argues that Bermuda’s market-based tax policies and race relations record outshines that of the United States, a fact that makes Kerry’s assertions all the more “reprehensible.”

“And for what it's worth, Bermuda also has much more onerous anti-money laundering laws than America, thus disproving Kerry's snide attempt to imply criminality,” he remarked.

Recommended