Several companies are opting for “Dexit” – or departing from Denmark for tax benefits – and moving to Nevada. The move is driven by Denmark’s high corporate tax rate of 22% compared to Nevada’s flat rate of 0%. This significant difference in taxation makes Nevada an attractive destination for businesses seeking to minimize their tax liabilities.
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Nevada has become an increasingly popular destination for companies looking to take advantage of its low tax environment. With over a million readers paying for access to the Financial Times, it’s clear that Denmark’s high corporate tax rate is becoming a significant deterrent for businesses seeking to expand globally.
Source: https://www.ft.com/content/a5ce9b83-1551-4718-9a54-3fa23370f15d