|
|
Company |
U.S. HQ's |
Reincorporated |
When |
Estimated tax savings |
U.S. Government Contracts |
Description/Products |
|
|
| Accenture |
n/a |
Bermuda ("ab Initio") |
2001 |
|
over $1 billion in total federal contracts |
consultant; spinoff of Arthur Andersen |
|
|
APW (spun off from Applied Power/ Actuant) |
|
Bermuda |
2000 |
|
|
enclosures for electronic systems; clients include Cisco, IBM, Nokia
and Sun Microsystems |
|
|
Carnival Corporation |
Miami, FL |
Panama |
1974 |
"We believe that substantially all of our income,
with the exception of
our U.S. source income from the transportation, hotel and tour businesses
of Tours, is exempt from U.S. federal income taxes." 10-K
|
|
Travel Cruises |
|
|
Cooper Industries |
Houston, TX |
Bermuda |
2002 |
$55 million/yr |
63 contracts, including contracts with the Navy, Dept. of Interior,
Dept. of Defense and General Services Administration |
tools, hardware, electical products (lighting) |
|
|
Everest Reinsurance |
|
Bermuda |
2000 |
|
|
Property/casualty reinsurance |
|
|
|
|
Foster Wheeler |
Clinton, NJ |
Bermuda |
May
2001 |
|
424 contracts worth over $600 million |
builds industrial plants, incinerators, electrical power projects |
|
|
Fruit of the Loom |
|
Cayman Islands |
1998 |
|
|
Underwear maker |
|
|
Global Crossing |
Madison, NJ |
Bermuda |
1997 |
(now bankrupt) |
Contracts with the Army, Navy, and State Dept. |
|
|
|
GlobalSantaFe |
Houston, TX |
Cayman Islands |
1997 |
|
|
Offshore drilling contractor |
|
|
Helen of Troy |
Texas |
Bermuda |
1993 |
|
|
Sells licensed personal care productsd: Vidal Sassoon, Revlon, and
own brands: WICO, Karina, Helen of Troy. Foot massagers (Dr. Scholl's
Carel, Hotspa) and hair products |
|
|
Ingersoll-Rand |
Woodcliff Lake, NJ |
Bermuda |
Dec. 2001 |
$40 million/yr; $60 million in 2002 |
271 contracts with the Navy, Army, Dept. of Energy, Air Force, Dept.
of Treasury, General Services Administration |
Tools, locks and security systems, industrial equipment |
|
|
Mcdermott |
|
Panama |
1983 |
(now bankrupt) |
|
subsea oil and gas faciltiies; nuke plant equipment |
|
|
Nabors Industries |
Houston, TX |
Bermuda (proposed) |
June 2002 |
|
Largest, Dept. of Interior |
Drilling contractors/ oil servicer |
|
|
Noble Drilling |
Sugar Land, TX |
Cayman Islands |
April 2002 |
down to 15% in 2002 |
|
Drilling services |
|
|
Playstar |
|
Antigua |
1998 |
|
|
Internet gambling/cyber-casino |
|
|
| PwC Consulting/Monday |
n/a |
Bermuda (via Luxembourg) |
March 2002 |
|
$760 million woth of government contracts |
Accounting/ Consultants |
|
|
PXRE Group Ltd. |
n/a |
Bermuda |
1999 |
|
|
Reinsurer |
|
|
R & B Falcon |
|
Cayman Islands |
2000 (announced) |
|
|
World's largest fleet of marine-based drilling rigs |
|
|
Seagate Technology, Inc. |
Scotts Valley, CA |
Cayman Islands |
2000 |
|
|
Makes computer storage drives, disk and tape drives. |
|
|
Seven Seas Petroleum |
Houston/Toronto, Canada |
Cayman Islands |
March 2001 |
|
|
Oil exploration and drilling,
primarily in Colombia |
|
|
Stanley Works |
New Britain, CT |
Bermuda (proposed) |
|
$30 million/yr |
100 contracts, with the Dept. of Transportation, Health and Human
Services, Dept. of State, Dept. of Defense, and General Service Administration |
Brands: Bostitch, Jensen, Husky, Stanley, and Vidmar |
|
|
TransOcean |
Houston, TX |
Cayman Islands |
1999 |
|
|
Deepwater drilling contrator. |
|
|
Trenwick |
|
Bermuda |
2000 |
|
|
Trenwick reinsurance. |
|
|
Triton Energy |
Dallas, TX |
Cayman Islands |
1996 |
|
|
International oil and gas production company. |
|
|
Tyco International |
Exeter, NH |
Bermuda |
1997 |
$400 million in 2001 alone |
108th largest: over $1 billion, including terrorist emergency response |
Electrical connectors, printed circuit boards, security systems,healthcare
products (bandages, crutches); financial services through CIT group |
|
|
Veritas DGC |
Houston, TX |
Cayman Islands |
May 2002 (announced) |
|
|
|
|
|
Weatherford International (oil services) |
Houston, TX |
Bermuda (proposed) |
June 2002 |
|
Contracts with NASA |
|
|
|
White Mountain Insurance |
|
Bermuda |
1999 |
|
|
Reinsurance (Folksamerica) |
|
|
tr>
Willbros Group |
Houston, TX |
Panama |
? |
|
|
Oil pipeline contruction |
|
|
Xoma (XOMA) |
|
Bermuda |
Jan. 1999 |
|
|
Drug developer, works with Baxter International |
|
|
