US firm switching tax-havens

| 27/05/2009

(WSJ):  Accenture Ltd. is seeking to become the latest company to switch tax-haven locales. On Tuesday, the consulting and outsourcing firm said its board of directors had unanimously approved switching the company’s place of incorporation from Bermuda to Ireland. The move comes amid a crackdown on tax havens by the Obama administration and congressional Democrats, who are targeting companies with substantial U.S. operations that are incorporated in tax havens like Bermuda to lower their overall tax burden.

 

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