Wait, US corporations are moving to Europe for lower taxes? I thought taxes there had to be extraordinarily high to support their free healthcare systems, paid

Wait, US corporations are moving to Europe for lower taxes? I thought taxes there had to be extraordinarily high to support their free healthcare systems, paid maternity/paternity leave, and lengthy vacations?! On a serious note, I wish articles like this actually gave some mechanics about the actual 'tax evasion'. The issue is that the US taxes worldwide earnings at the US tax rate. Other countries, such as the UK[1] don't do this. So if you're a multinational with sizable non-US earnings, it makes a lot of sense not to be domiciled in the US. [1] https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/183408/A_guide_to_UK_taxation.pdf https://www.gov.uk/government/uploads/system/uploads/attachm...