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10 Big U.S. Businesses That Have Moved Their HQ Abroad to Pay Less Taxes

15 pointsby psoglealmost 16 years ago

7 comments

cwanalmost 16 years ago
With taxes set to rise (and given the literally trillions of dollars of cumulative new deficits how can they not?), this is going to happen increasingly more. The unfortunate reality is that politicians heap blame on the "greed" of profitable corporations and wealthy individuals forgetting that these companies (and people) have the greatest ability to move abroad.<p>Going Galt anyone? Related article: <a href="http://finance.yahoo.com/banking-budgeting/article/107123/Millionaires-Go-Missing" rel="nofollow">http://finance.yahoo.com/banking-budgeting/article/107123/Mi...</a>
ktharavaadalmost 16 years ago
Its kind of unfair that only big companies can get this sort of competitive advantage while smaller startups are stuck paying taxes through their nose under the draconian tax policies of the US government.<p>There should be a guide or services for smaller companies and Startups to incorporate in tax shelters so they too can enjoy the tax benefits and thus level the playing field with the big boys. Are there such resources around?
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jonursenbachalmost 16 years ago
Astonishing how so many companies are relocating to Bermuda and the Cayman Islands. The weather must be really nice there!<p>/sarcasm
jhancockalmost 16 years ago
We should treat companies that move overseas as dead to us. The estate tax on death is around 50%. Please pay as you leave.
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jrockwayalmost 16 years ago
The "tragedy of the commons" in action. The infrastructure that enables their customers to buy their products doesn't come for free. But since they don't <i>have</i> to help pay for it, they don't.<p>It will all come tumbling down eventually.
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martythemaniakalmost 16 years ago
Yes, because Halliburton, Tyco and Accenture are the model corporate citizens...
quizbizalmost 16 years ago
favorable tax laws != favorable business laws<p>To what extent will a government go to protect your investment/property? Are you big enough where the potential for loss is an acceptable risk? If so and your business is very liquid and global then I see no problem in having an HQ elsewhere. What do you care where their HQ is? Most likely, their investors are still collecting profits in the US. The saved money from taxes drives up equity, reinvestment, research and development. Am I crazy for not caring where a business is centered? I guess I don't watch enough Lou Dobbs.
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