Originally Posted by White trash wagon
Found 3 in about 5 minutes
"Founded in 1905, heavy-equipment manufacturer Ingersoll-Rand Company Ltd. promotes its jackhammers as those that sculpted one of America’s icons, Mount Rushmore National Memorial. But three months after the Sept. 11, 2001, terrorist attacks, Ingersoll-Rand (IR) set up a tiny office in the tax haven of Bermuda and reincorporated there. Today, while holding tens of millions of dollars in government contracts, including the U.S. Capitol Visitor Center, IR uses its Bermuda incorporation to avoid paying about $40 million annually in U.S. taxes."
Ingersoll Rand (tools, industrial equipment) HQ in Bermuda and will NOT pay $40M in taxes
Tyco International (toys, alarms, others) HQ in Bermuda and will NOT pay $600M in taxes
Stanley tools HQ in Bermuda and will NOT pay $30M in taxes.
The US Government estimates that it looses $160 BILLION a year in taxes because of US corporations with offshore headquarters.
You found 2, Stanley Works is based solidly in New Britian, CT. So much for the rags you read.
Now... back to your majority of American corporations...
Out of the S&P 500, the largest 500 corporations in America, there are 8 companies I know of that are based offshore: Ingersol, Noble, Cooper, XL Captial, ACE, Tyco, Schlumberger or 1.6% of the S&P 500. Since the S&P 500 is our target market, I know quite a few of them. Even if you say I only know of 1/2 the offshore registered companies, lets say, for grins, it's 3.2%.
The S&P 500 represents about three quarters of the capitalization in the US.
Hardly a majority offshore.