General Chaos

Bermuda Short Form

Well, I just coughed up my annual piece of lung to the IRS, unlike, say, Ingersoll-Rand (as noted in this week's New Yorker). Gee, maybe I should rent a shack in Bora Bora and claim foreign residency like they do in Bermuda.  Ingersoll-Rand re-incorporated last year in Bermuda, and, as a result, escaped $40 million in Federal corporate income taxes (not to mention whatever they got out of in New Jersey, where they're really based (or maybe it's debased). All your base are belong to us.

 

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