OK, so the pun in the title might not make sense just yet. Of course, if you can come up with a better title, be my guest.
When the Rolling Stones Hit the Laffer Curve (STEPHEN J. DUBNER, 11/01/10, The New York Times)
A recent interview with the Rolling Stones reveals some of their business and wealth-protection strategies. ”The whole business thing is predicated a lot on the tax laws,” said Keith Richards. “It’s why we rehearse in Canada and not in the U.S. A lot of our astute moves have been basically keeping up with tax laws, where to go, where not to put it. Whether to sit on it or not. We left England because we’d be paying 98 cents on the dollar. [This may sound like an exaggeration, but likely isn’t.] We left, and they lost out. No taxes at all. I don’t want to screw anybody out of anything, least of all the governments that I work with. We put 30% in holding until we sort it out.”
Gimme a Tax Shelter?