Willard Taylor, a tax attorney with Sullivan & Cromwell UP, is contemplating the latest trend among U.S.
Question:
As a tax lawyer, Taylor pays close attention to tax rates assessed on corporations based abroad as well as those that apply to U.S. corporations. Most countries' governments, Taylor realizes, have slashed their corporate tax rates in recent years, whereas the U.S. corporate tax rate has remained unchanged at 35 percent. The result, Taylor notes, is that the U.S. corporate tax rate is now second highest in the world, which provides a strong incentive to incorporate elsewhere. Taylor asks. -What are the pluses and minuses of being incorporated in the U.S. versus somewhere else?" He deduces that given the strong incentive provided by lower corporate tax rates abroad. *Very often, depending on what the business is, you'll conclude that there are no pluses to being in the United States."
How have lower foreign tax rates affected the incentive to Incorporate abroad?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basic Business Statistics
ISBN: 9780321870025
13th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Question Posted: