More Companies Bail on U.S. for Lower Taxes
8th July 2014
Lawmakers and regulators have tightened the requirements over the years after high-profile companies like Fruit of the Loom, Seagate and Tyco shifted some or all of their business to places like the Cayman Islands and Bermuda.
But with the trend seemingly on the rise, some say it is time for yet more stringent requirements. Among them is Rep. Sander Levin, a senior Democrat whose office distributed the CMS report.
Note that the response of Crustian legislators is to pass laws making it more difficult, not reforming the tax system. Show where their priorities lie.