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.