- Self-procurement tax a key factor in domicile decision making
- More states offering competitive legislation to attractive home captives
- Important for domiciles to compete on “merit” rather than solely relying on tax
For decades, American companies gravitated toward a handful of established domiciles, including offshore hubs such as Bermuda and the Cayman Islands, or onshore leaders such as Vermont, Hawaii and Arizona.
However, the landscape in the United States has changed significantly over the past 10-15 years, as more companies consider the viable option of domiciling their captives in the state the parent company is headquartered.
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