Posted by taxguru on February 13, 2003
Enron Tax Tricks
Maybe it’s because I have long made a good living helping people win the tax game; but I can’t share the disgust over the fact that Enron had a large staff with the sole purpose of structuring things to minimize taxes. My disgust is with the rulers in DC who force companies to devote so much manpower to such tasks with their idiotic and outright punitive tax laws and regulations. I can still remember many of my college classes, where we were taught that the main function of a corporation’s management is to maximize the return (aka profit) for the shareholders. Minimizing taxes is just as important in that equation as reducing other overhead costs, such as labor and rents.
KMK
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