Until the 2017 tax bill, the United States had the highest corporate tax rate in the developed world — 35 percent. Of course, a lot of corporations were finding ways not to pay it.
Corporations have a range of accounting tricks and methods that have allowed them to avoid paying taxes, one of the most popular of which is to simply move to Ireland. Tax inversion is the process by which an American company moves the legal address of its headquarters outside the United States for the sole purpose of avoiding taxes. Fifty major companies have done so since 1982, including 20 since 2012.
The most popular landing spot is Ireland, but there are plenty of options throughout Europe and the Caribbean.
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