Universal adult suffrage and development of a two-party political system took place in the 1960s. Universal suffrage was adopted as part of Bermuda’s Constitution in 1967; voting had previously been dependent on a certain level of property ownership.
Bermuda is a group of low-forming volcanoes in the Atlantic Ocean, in the west of the Sargasso Sea, roughly 578 nautical miles (1,070 km; 665 mi) east-southeast of Cape Hatteras on the Outer Banks of North Carolina, United States which is the nearest landmass.
Although usually referred to as one island, the territory consists of 181 islands, with a total area of 53.3 square kilometers (20.6 square miles).[54] The largest island is Main Island (also called Bermuda). Eight larger and populated islands are connected by bridges. The territory is largely low-lying, with the tallest peak being Town Hill on Main Island at 79 metres tall (260′). The territory’s coastline is 103 km (64 mi).
Bermuda gives its name to the Bermuda Triangle, a region of sea in which, according to legend, a number of aircraft and boats have disappeared under unexplained or mysterious circumstances.
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Having no corporate income tax, Bermuda is a popular tax avoidance location. Google, for example, is known to have shifted over $10 billion in revenue to its Bermuda subsidiary utilizing the Double Irish and Dutch Sandwich tax avoidance strategies, reducing its 2011 tax liability by $2 billion.
Large numbers of leading international insurance companies operate in Bermuda. Those internationally owned and operated businesses that are physically based in Bermuda (around four hundred) are represented by the Association of Bermuda International Companies (ABIC). In total, over 15,000 exempted or international companies are currently registered with the Registrar of Companies in Bermuda, most of which hold no office space or employees.