Bermuda always used to be one of the top destinations for US companies shifting their headquarters abroad for tax purposes. However, these days, Dublin has become the modern destination of choice for US corporate expatriates. Ireland has an attractive corporate tax rate of just 12.5 percent, as well as a highly skilled English-speaking workforce. By comparison, France has a corporate tax rate of 33.3 percent while the UK ‘s stands at 21 percent. As a result, a whole host of tech companies, pharmaceutical giants and management consultancies have shifted their headquarters from the US to the Emerald Isle, according to data compiled by Bloomberg.
This chart shows top locations for US companies shifting their place of incorporation in 2015.
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