Circle plans to move its legal base from Ireland to the U.S., or face heavy tax burdens

Odaily News Circle Internet Financial plans to move its legal base from the Republic of Ireland to the United States. A Circle spokesperson confirmed on Tuesday that it had recently filed court documents to re-establish its registered location, but declined to disclose the reason. Circle secretly submitted its IPO plan to the U.S. SEC in January. With this change, Circle may face more onerous U.S. taxes. (Bloomberg) Note: Legal base refers to the place a company or organization chooses as its registered and legal affiliation.