Tax exporting

Tax exporting is when companies and governments decide to move their money from one place to another, usually to take advantage of lower tax rates. It is usually done to save money on taxes, so instead of paying taxes in one country, they can move the money to a place with lower taxes. For example, some companies might move their profits to another country, like a business in the United States might move profits to an overseas bank account in a European country that has lower taxes. This way, the business does not have to pay as much in taxes.