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Friedman LLP Survey Of Business Leaders On Tax Issues Has Surprising Results

Friedman LLP Survey Of Business Leaders On Tax Issues Has Surprising Results

Just over half of the respondents with international transactions found the international tax environment at least somewhat overwhelming.  On a perhaps encouraging note, 65% of the business leaders indicated that they would not move their intangible property and logistical functions outside the United States even if it meant achieving a tax rate as low as 10%.  The folks at Friedman seem to think that they are missing out.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.