When it comes to taxes, companies go for the cold

| 03/02/2009

(Reuters): Bermuda’s business climate is getting chillier, so some multinational companies are seeking more hospitable locales — like wind-swept Ireland and snowy Switzerland. In recent weeks, there has been an exodus of large companies incorporated in Bermuda and the Cayman Islands to Europe in search of more favorable tax treatment and other benefits. They’re looking to reincorporate ahead of U.S. legislation that could require companies based there to pay regular income tax. Go to article

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