3 ms·

its not like it was years ago when CitiCorp set up theri stock trading units in the Islands for a similar purpose..

• btilly 15y ago
  Citi went farther. They did things like declare a particular desk in a skyscraper in NY to be legally in the Cayman Islands. The IRS was not amused.
  • ttdi 15y ago
    Do you have a source on this? I'd love to read more about this.
    • btilly 15y ago
      I wish I did. I heard about it because I used to work with someone who had worked there some years previous.
      • camz 15y ago
        I'm vaguely aware of Citi's tax plan, but I'd have to look into it. If I can learn the details, I'll start a series of case studies that break down the tax strategies of different fortune 500 companies.
        • btilly 15y ago
          The incident I was discussing was back in the 90s. It was resolved a long time ago.