US Businesses and Tax Evasion
There is no doubt, that the high tax rate in the US is the reason leading US multinationals to shift manufacturing facilities, research facilities, and regional headquarters to other low-tax regions. Other than defying the morality of paying taxes, this tax-evasion haven leads to massive cuts of jobs in the United States. To some extent, a logical company-one that aims to make profit-will consider moving operations to a region where the tax rate is 12.5% such as Ireland than stay in the US where that tax rate is triple (35%). This makes sense to shareholders of such companies who expect returns ...
