Mid Ocean News of Bermuda reports that:
"SUPPORT has poured in this week following Sir John Swan's call for Bermuda to embrace a role as a Mid-Atlantic Monaco — a haven for the rich to live tax-free while boosting our economy.
However, those who approve of the former Premier's plan to encourage wealthy foreigners to relocate here do not believe it will be workable under the current Government's term limits policy.
In last week's Mid-Ocean News, Sir John called for Bermuda to become a "wealth management country", attracting wealthy foreign tax exiles to the island and granting them long-term residency to "manage their affairs here" and invest in property and services."
They still don't get it do they?
Tax havens are dying and still they go on thinking of new ways to perpetuate the abuse.