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Ms Koenig is joined in Bermuda by her husband, Robert, a writer and journalist.The Koenigs are from St Louis, Missouri, and have four adult children and one grandchild.The USA is the only country in the world that has such overseas tax requirements.Also, it is the only country in the world that requires its own individual US citizens and residents to pay US taxes not just on their US income but on their world-wide income, another major concern to US corporations.
Today, Bermuda and the US are strong partners and the closest of allies." The display, which can be seen on the walls of the newly renovated visitors' waiting room, was conceived by Mr. Marina Slayton, who published the book, 'Four Centuries of Friendship: America-Bermuda Relations 1609-2009' which coincides with the 400th anniversary of the permanent settlement of the Island.
The permanent exhibit was unveiled in 2009 in celebration of Bermuda's 400th anniversary, with officials there including the airport general manager, then-US Consul General Gregory Slayton and Stephen Greenburg, Port Director for US Customs and Border Protection (CBP).
Now, thanks to a new agreement between Bermuda and the US signed in April 2008, passengers and crew aboard private aircraft will also be pre-cleared in Bermuda.
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.
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.