Foreign consulting company Accenture (formerly part of the infamous Anderson Consulting) uses Bermuda as a tax haven. It's widely agreed that they being based out of Bermuda is strictly to dodge taxes. I believe I read they pay about $30-40,000 a year to the government there, while in the U.S. their bill would be much higher. -- no sig
You are incorrect. Accenture is a partnership and the partners pay taxes on behalf of the company in the form of income taxes since all income from the company flows down through the partnership. Unless every person that is a partner of Accenture lives in Bermuda and never steps foot in the US then they are paying taxes on the company's behalf to the US just as BearingPoint or any other former accounting firm's consulting group is.
In October 2002, the Congressional General Accounting Office (GAO) identified Accenture as one of four publicly-traded federal contractors that were incorporated in a "tax haven" country.
