Is this a Tax strategy?
It’s an economy strategy...
The US economy is barely growing - an anemic 0.2-0.5% GDP growth, in real terms. Meanwhile, you have most of Asia roaring along at 5%+ growth.
If you want to sell new products, where would you go? The market that’s stagnant, and is going to get shut down even further with increased taxation, or overseas where the economies are exploding and people have money - LIQUID CASH - to spend?