By Marketwatch
The U.S.-Bermuda-Ireland triangle includes others. Ingersoll-Rand /quotes/zigman/556949/quotes/nls/ir IR +3.39% is another example of a company that left the U.S. for Bermuda and subsequently relocated to Ireland, a move that clearly has nothing to do with the weather.
While Bermuda had been a comfortable tax haven, Ireland now is apparently an even better one, with all sorts of advantages offered to international holding companies.
While this exodus to Ireland might rile taxpayers and politicians in the United States, it’s probably even more alarming for the authorities in Bermuda.
But it’s great news for the Irish, who need all the help they can get rebuilding their shattered economy following the 2008-2009 collapse of their housing and banking sectors
full article at source: http://www.marketwatch.com/story/when-bermudas-too-pricey-theres-always-ireland-2012-05-21
Comment:
So international companies can come into Ireland and dodge their taxes in their own countries but the Irish citizens are been squeezes for every penny as they pay back the gambling debts of faceless bondholders .perhaps the same people who are large shareholders of the very same companies that are now being subsidized by the Irish taxpayers ! Talking about dumb when will Irish taxpayers wake up and put an end to this triple taxation ???
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