Blog DigitalOlympus Writes On The Phenomenum of Companies Moving Overseas Due To Taxes

Nov. 26, 2012 - PRLog -- As unemployment rates continue to rise, we are faced with an epidemic of US

Corporations moving their incorporation addresses abroad primarily to lower

their tax bills. Companies are also moving overseas because of a need to

expand their business operations and a desire to have a more global reach.

Digitalolympus.com will review this trend and what this means to millions of

Americans who depend on these firms for their livelihood.

Many firms pondering the thought of relocating businesses that have existed in

the USA for generations are conducting their due diligence (http://www.nardelloandco.com/practice-areas/due-diligence) to make sure that

such a move would add significant gains to their profits. Through thorough

investigations (http://www.nardelloandco.com/practice-areas/investigations) of tax codes in foreign nations as compared to those at home,

firms are finding more favorable conditions abroad. The current top corporate tax

rate for firms operating on US soil is 35% compared to 12.5% in Ireland. It is no

wonder why many are choosing to take their business elsewhere.

US corporations have also been interested in global markets in order to expand

their customer reach. Making all the right moves and following all domestic and

foreign laws can be daunting. For this reason, many businesses employ teams

of experts in business intelligence (http://www.nardelloandco.com/practice-areas/business-inte...) to gather all the facts necessary for such

a mammoth undertaking. Having the right legal representation and litigation (http://www.nardelloandco.com/practice-areas/litigation-su...)

support (http://www.nardelloandco.com/practice-areas/litigation-support) is crucial for whatever obstacles a business may face.

“We understand the tough decisions that many US companies have to make

in the current economic climate. We want to educate our readers on topics

that will affect them in the long and short term,” says a Digitalolympus.com

spokesperson.

One unfortunate consequence of this trend is the state of our unemployment

rate, which is currently 7.9%. Although many firms are reincorporating overseas,

fortunately they are not taking their factories with them. Digitalolympus.com will

take an in-depth look into the various reasons corporations are making the move

to distant shores.

For more information on corporate taxes and how it affects everyone from the

firms to everyday Americans, please visit www.Digitalolympus.com.

About Digitalolympus.com

Digitalolympus.com is an online news Blog dedicated to educating its readers on the latest technology advances.  They are committed to gathering information on up and coming technologies that will enhance the lives of their readership.  Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses.