IRS moves to keep companies from avoiding taxes by moving to Cayman and Bermuda
Cayman Islands News
WASHINGTON, USA (Bloomberg) -- The Internal Revenue Service is moving to bolster enforcement of a 2004 law that bars companies from avoiding US taxes by moving their headquarters offshore to Bermuda and the Cayman Islands. The action is the IRS’s latest effort to stop practices that let US companies avoid taxes.
Source: Caribbean Net News Daily Headlines: Cayman Islands