The WSJ reports that Stanley Works has decided that moving to Bermuda doesn't
make sense after all. The company projected saving $30 million by
reincorporating. So I guess the opportunity costs (Congressional inquiries,
hatred, protests, etc) were higher than the $30 million tax dodge, yes?
It
Title: RE: [PEN-L:29047] Stanley Works stays in Conn.
When I drove out to lunch, US National Public Radio news presented this differently: it said that Stanley decided not to move because it anticipated congressional reforms would take the profit out of the move.
Jim Devine [EMAIL PROTECTED
RE: [PEN-L:29047] Stanley Works stays in Conn.
- Original Message -
From: Devine, James
When I drove out to lunch, US National Public Radio news presented this differently:
it said that Stanley decided not to move because it anticipated congressional reforms
would take the profit out
Title: RE: [PEN-L:29050] Re: RE: Stanley Works stays in Conn.
When I drove out to lunch, US National Public Radio news
presented this differently:
it said that Stanley decided not to move because it
anticipated congressional reforms
would take the profit out of the move.
Jim Devine
