CNN Evening News for Thursday, May 09, 2002
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(Studio: Aaron Brown) Report introduced.
(New York: Allan Dodds Frank) The decision by Stanley Tool Co. to move the corporate headquarters to Bermuda to avoid taxes examined. [Skilled Trades Union president Philip VITALE - says the move is not right.] [Senator Charles GRASSLEY - comments on the move.] [ANALYST - says the tax structure puts US firms on an uncompetitive basis.]
(Studio: Aaron Brown) Live interview held with Representative James Maloney about the tax loophole. [From Washington, MALONEY - explains how the tax code has been put together; states Stanley's move creates a huge problem by setting a pattern for other companies to follow; outlines the Congressional legislation that is being considered to close the tax loophole.]
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