Hello!
This gets a little tricky, because a lot of companies incorporate in
the first place in Bermuda, Cayman Islands, etc. and then do business
in the U.S, but also in Taiwan, Argentina, and so forth. It's hard to
say definitively which Bermuda-based companies are really U.S.
companies, for example, unless they started out here and then
relocated.
I wasn't able to find a comprehensive list of offshore corporations in
Bermuda, for example, and probably for good reason--no one really
promotes their offshore presence, especially these days, with
Congress moving against reincorporation.
A lot of U.S.companies, although still headquartered in the U.S., have
set up multiple offshore subsidiaries--Halliburton, for one, has done
this. It would be very difficult to cover all of that activity.
As for prominent individuals incorporating offshore--that information
would be very difficult, probably impossible to come by, as
individuals would be private corporations.
However, I think I can help you by enumerating the 10 major U.S.
companies that have recently moved offshore. I went through several
sources and then compiled two lists--one for Bermuda, one for the
Cayman Islands. I hope this will serve your purpose.
Moved to Bermuda:
Tyco International
Accenture
Ingersoll-Rand
Cooper Industries
Nabors (drilling company)
Foster Wheeler (engineeering)
Xoma (pharmaceutical)
Helen of Troy (personal care products)
Moved to the Cayman Islands:
Transocean (drilling company)
Fruit of the Loom
Sources:
Yahoo! Finance - Sealing Off the Bermuda Triangle? (from Business Week
Online) 6/25/02:
http://uk.biz.yahoo.com/020625/244/d1vyo.html
CNET News:
http://news.cnet.com/investor/news/newsitem/0-9900-1028-20219766-0.html
"Love it or Leave It?" article in CFO.com
http://www.cfo.com/article/1,5309,7376%7C17%7CM%7C284%7C,00.html
(NICE list of relocated companies)
Transnationale:
http://www.transnationale.org/anglais/forums/finance__paradis/showmessage.asp?messageID=427
CFO.com
http://www.cfo.com/article/1,5309,7376%7C17%7CM%7C284%7C,00.html
Please let us know if that takes care of your question. Best wishes. |
