United States Naval Station White's Island, Bermuda United States Naval Station White's Island, Bermuda The United States Naval Station Whites Island was a United States Navy (USN) facility located on White's Island in Hamilton Harbour, in the British Colony of Bermuda, 640 miles off the coast of North Carolina. It was established during the First World War (or the "Great War", as it was originally known in Britain) by the US Navy for use by anti-submarine vessels transiting on their way from the United States to the European theatre of operations. Bermuda had already housed the Admiralty House, dockyard, and naval base of the North America and
Economy of Bermuda the annual fee. (See Taxation in Bermuda#Licence fees.) Foreign companies require a local secretary and agent, which charges a fee. Foreign companies that wish to establish a place of business in Bermuda require a permit, but a permit is not required for offshore activities. There are no taxes on profits, income, dividends, capital gains, estate, or death duties. There are more than 12,500 foreign companies registered in Bermuda, many US-owned, which are an important source of foreign exchange for the island. Offshore companies spent US$967m in Bermuda in 2000. Total income, including secondary effects, was US$1.3bn. Many large international companies