Vinegar & Honey

My grandpa said you attract more flies with honey than vinegar.

Always listen to grandpa.

NEW YORK/LOS ANGELES (Reuters) - Technology outsourcing and consulting firm Accenture Ltd plans to change its place of incorporation to Ireland from Bermuda, following an exodus of large multinational companies to Europe as the U.S. government plans to tighten tax rules.

Accenture said on Tuesday it does not expect any material change in its financial results or tax treatment, but said Ireland will provide economic benefits. Its board unanimously approved the move.

"A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory environment," Accenture Chief Executive William Green said in a statement.

A company spokesman said Accenture is also moving because of continued criticism of companies incorporated in Bermuda.

I don't know why Tiny Tax Cheat Tim and President Obama thought they could get former American companies to "come home to papa" by threatening to raise their taxes, but it's not going to work.

And when Accenture's Mr. Green says that Ireland offers "a sophisticated ... regulatory environment," what he really means is stable, predictable. It isn't likely to change the rules on the whim of some socialist bureaucrat.