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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Logain Ablar who wrote (5652)2/18/2002 9:42:35 PM
From: Raymond Duray  Read Replies (1) of 33421
 
The insurers did not incorporate in Bermuda to avoid US taxes. They did do it to avoid some of the US insurance regulatory burdens.

Oh, I get it. They didn't do it in order to cheat, they did it in order to...well, cheat. Thanks for clearing that up for me.
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