Usually they just move the paperwork to Cayman islands or some such. Halliburton is moving execs and families.
What kind of disengenous little pissants give up their country for tax reasons when they are already making millions personally?
A publicly owned corporation looks out for it’s stock holders. We’ve made America inhospitable to business by eying corporations as a bottomless pit of money to plunder.
They aren’t going to avoid taxes by moving their CEO. The reason for the move is that deep-water drilling will be the future of oil exploration, and it’s more profitable in that part of the world. No one is “giving up their country.” But many companies do leave the US, and it’s no one’s fault but our government’s for making us so business-unfriendly.