Another American company has decided to expatriate for tax reasons. This process has been going on for decades, with companies giving up their U.S. charters (a form of business citizenship) and redomiciling in low-tax jurisdictions such as Bermuda, Ireland, Switzerland, Panama, Hong Kong, and the Cayman Islands. The companies that choose to expatriate usually fit [...]
Archive for August 19th, 2011
When an American Company Redomiciles to the Cayman Islands, What Lesson Should We Learn?
Posted in Competitiveness, Corporate income tax, Corporate tax, Deferral, International Taxation, Tax avoidance, Tax Competition, Taxation, Worldwide Taxation, tagged Competititiveness, Corporate income tax, Corporate taxation, Deferral, Expatriation, Tax avoidance, Tax Competition, Worldwide Taxation on August 19, 2011 | 20 Comments »
Another Compelling Reason to Shut Down the Department of Housing and Urban Development
Posted in Big Government, Crime, Government Spending, Government stupidity, Housing, HUD, Subsidies, Waste, tagged Big Government, Crime, Government Spending, Housing, Housing and Urban Development, HUD, Subsidies on August 19, 2011 | 14 Comments »
I’ve already explained why the Department of Housing and Urban Development should be eliminated, but a superb column in the Wall Street Journal by my old friend Jim Bovard has my blood boiling. After reading Jim’s piece, I no longer want to merely abolish HUD. I want to bulldoze the building, cover the ground with [...]
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