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.Former US Consul General Gregory Slayton stated: "over the centuries, ties between the United States and Bermuda have grown deeper and broader on all fronts.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.In the Interest and Dividend Compliance Act of 1983, Congress expanded the definition of "North American area" to include Bermuda and select Caribbean countries as specified in the Caribbean Basin Economic Recovery Act.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.
At the Consulate, special security precautions are in place.
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.
There is also a US-Bermuda Friendship Wall at the L. Wade International Airport in Bermuda, from where more than 350,000 passengers bound for the USA pass through US Customs and Border Protection every year.
There too, Bermuda residents and visitors can lean more about the long US-Bermuda alliance.