I lived most of my life in Connecticut and I remember an interesting story.
The Stanley Works Corp. wanted to open an office in Bermuda to avoid paying $30 million a year in taxes. I Believe Halliburton did this.
I googled Stanley, Bermuda and here is what I found. It is good reading.
Ascot Advisory Services I don’t know anything about this company
AFL-CIO Stanley Works Surrenders- Cancels Reincorporation to Bermuda Under Pressure
Freedom and Prosperity
Forbes.Com