Thursday, September 18, 2014

More Companies Moving Offshore

A recent report revealed that the taxes facing American corporations are higher than the taxes anywhere else in the world! Having to pay all of those corporate taxes can make it difficult for any business to expand, to hire new employees, or to pay its employees what they’re worth, leading to reduced productivity and an increased failure rate among new businesses.  


In an effort to escape high American taxes, many companies have made the decision to move their main offices to offshore locations. Europe is among the most popular “offshore” destinations, and, when the move is done right, businesses find that their taxes are greatly reduced.

Of course, there are definitely cons to going offshore, and, if you don’t go about it the right way, your move could even be illegal. As such, you’ll definitely want to speak with a skilled corporate tax accountant before making any final decisions about going offshore.

Whether this particular solution works for you or not, the right accountant can find a way to help you cut back on taxes and keep business booming, so make sure you’ve got one working for you.

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