The recent corporate tax rate drop to 21 percent may be causing U.S. based companies to think twice before relocating overseas for tax benefits, Friedman's Adnan Islam told Tax Notes. Islam, Co-Practice Leader of the firm's International Tax Group, said, "When you look at the administrative hassle and costs of moving out of the United States to a viable European country, you may think twice and stay here if you know you will get a 21 percent corporate income tax rate or better, without having to do anything."
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