The Irish Times are reporting that many companies incorporated in Carribean tax havens such as Bermuda and the Caymen islands are considering moving their headquarters to Europe as the USA tightens it’s tax regulations. They report that Accenture, one of the first to move, is to incorporate in Ireland.
William Green CEO of Accenture said
A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory environment,
So far President Obama’s tax changes are working to Ireland’s benefit, let’s hope it continues.