The Causeway, Bermuda by Hurricane Fabian, the Bermuda Government began investigating alternatives to simply repairing the causeway after each storm knocked it out. These alternatives include an underwater tunnel, a true bridge and constructing additional roadways, such as through Coney Island and Ferry Reach parks. Public meetings on these plans began in October, 2006. By February 2010, however, plans to replace the causeway had been abandoned, and the issue was a touchy subject when raised in the Senate of Bermuda. The Causeway, Bermuda The Causeway is a narrow strip of reclaimed land and bridges in the north of Bermuda linking Hamilton Parish on
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