reddituser7542

reddituser7542 t1_jabap51 wrote

Your larger point is valid and stands. At the same time this may be due to compulsion and not by choice. If they could domicile in caymen and still offer financial services in US, they would.

Also, being a bean counter here, but the tax paid is little over 20%. Should be calculated as percentage of pre-tax income, and dividend is taken out of the net income after tax.

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