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May 29, 2014 Why US companies can earn $51 billion in the Cayman Islands even though its GDP is only $3 billion

QUOTE: The foreign subsidiaries of US corporations made $94 billion in Bermuda in 2010, the latest year we have data for. That’s incredible work, since only $6 billion of goods and services were produced on the island that year. What does that tell us? It tells us that something fishy is going on.

Jun 13, 2002 Bermuda Move May Sound Good, but Investors Could Get Burned

QUOTE: Some shareholders say that when companies acquire a Bermuda address to reduce taxes, they also reduce the rights of shareholders...

New York Times
May 20, 2002 Officers May Gain More Than Investor in Move to Bermuda

QUOTE: [American companies re-incorporating in Bermuda] are doing it, they say, to increase their profits and, in turn, to benefit their shareholders.... the biggest beneficiaries could actually be the chief executives of these companies.

New York Times