Until the laws are changed, 1000-lawyer law firms like mine will continue to advise corporations to incorporate in the Bahamas. It's that simple. We advise our clients to take the best advantage they can of the rules given. Note that Bush's tax cuts on dividends combined with offshore incorporation = NO taxes on corporations - "yippeee," shout the gleeful FatCats(tm). The fact that a Democrat introduced this bill (note: a Repug would get excommunicated immediately) is an example of a "check mark" on my Ways-in-which-Dems-are-better list. (Note, I also have a Ways-in-which-Repugs-are-better list. Halliburton never gets an honorable mention there, though.
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