It’s not my purpose to insult business owners & CEO’s, but it is my intention to wake up a few of them to the dangerous road they are following.
There’s an abnormal aberration (but I repeat myself) among business owners & CEO’s that startles me, and quite frankly, shatters my confidence in the long term viability of private businesses in the competitive marketplace. It’s perfectly obvious why the SBA & GAO report that most businesses pay more tax than the law requires, at higher tax rates than the Global 500 pays.
Let me start at the beginning.
Several years ago, I became aware of a little known tactic used primarily by the biggest companies in the world, the Global 500. This was the use of tax strategies to cut their taxes.
I believe that Apple was the first proponent of tax strategies, but I have no idea. It isn’t something that a company would make public.