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Greed isn't good

July 27th, 2002

The NYT notes that people (starting with the government of California) have suddenly noticed that it’s not a good idea to do business with a corporation that would relocate in Bermuda to dodge taxes. “A company that would deliberately do a sham relocation offshore to escape taxes,” Mr. Angelides said, “would also look to bend environmental rules, shortchange workers or even stick it to their shareholders” (emphasis added).

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