Surprisingly, corporation tax prevents tax offshoring! It's easy for a stockholder to avoid income tax by placing his stocks in a holding company registered ov

Surprisingly, corporation tax prevents tax offshoring! It's easy for a stockholder to avoid income tax by placing his stocks in a holding company registered overseas. By moving closer to the money's source -- i.e. corporate profits -- Uncle Sam has a better chance of getting his share. Things didn't work out that way, of course, but the idea was a good one.