Arthur & all,
This sort of free rider activity surely will hurt the $US. I personally
know several Canadian citizens who evade taxes through offshore entities
and investments. It angers me, as that behavior is a direct assault on
the well-being of the resyt of Canadian taxpayers, including
non-citizens like myself.
Steve
U.S. CORPORATIONS ARE USING BERMUDA TO SLASH TAX BILLS
By DAVID CAY JOHNSTON
02/18/2002
The New York Times
Page 1, Column 3
A growing number of American companies, encouraged by their
financial advisers, are incorporating in
Bermuda to lower their taxes sharply without giving up the
benefits of doing business in the United
States.
(snip)
