We’re not fans of old-school, one-size-fits-all tax-planning solutions, where doses of wishful thinking commingle with a few solid facts, finagled to accommodate Compliance Department requirements, then client’s circumstances, and in that order..
That’s the kind of unmoored thinking that’s leads to solutions that range from fairly plausible, to patently delusory
For best client outcomes, it’s crucial to fully comprehend all legal tax-planning options, not just those dictated by Professional Indemnity Insurers and ‘approved by compliance’
Think about it. Just as it’s impossible for countries to achieve self-sufficiency in all raw materials, even the largest, because no country possesses sufficient minerals needed by its economy, big firms neither have all the answers, nor a monopoly on good ideas
History reminds us the recent state of things is unlikely to last. Hard as it is to believe today, British and American industries were the global leaders as recently as the early 1970s. Today, you’ll struggle to find Birmingham’s metal-working factories, or Manchester’s cotton mills, or Baltimore’s steel furnaces
The UK and Japan import more food than they produce, China doesn’t have all the iron-ore it needs for its blast furnaces, the US buys many rare earth metals, and India is chronically short of crude oil
Canada, the country with forest resources bigger than other wealthy nations, imports toothpicks and toilet paper from China!
Until 1980, Shenzhen was a Chinese fishing village, now it is a megacity, with c12 million inhabitants, and it’s the world’s most important hub of portable devices
Oftentimes we don’t even realise something is broken until someone shows us a better way
Maybe it’s time to upgrade your tax-planning, or just get a second opinion? Arrange your FREE power-hour discussion HERE. You’re free to accept, or refuse, and there’s no obligation whatsoever
All tax advice is provided, in writing, by a Chartered Tax Advisor
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