“First and foremost, it’s you buy stocks, you never sell them, you borrow against them,” Galloway said.When asked about the specific tax strategies employed by the wealthy, Galloway didn’t hesitate.Galloway offered a striking comparison: “If you’re a prisoner of war, you have an obligation to escape. If you’re trying to build wealth, you have an obligation to pay as little tax as possible. Do it legally.”“Tax avoidance is a key skill to building wealth,” Galloway said on Steven Bartlett’s “The Diary of a CE ...

Big multinational firms have found this damp corner of Europe a good place to magic away profits that are then taxed at one of the world’s lowest rates https://t.co/R9rBhGC6fo ...

This is a very important slide. Um it illustrates the laugher curve. Uh when you cut taxes, if tax rates are too high, uh then you the revenue actually will increase.Why is that. Uh because companies and individuals stop using tax shelters and uh and stop trying to avoid taxes. So here you can see the history of the corporate tax rate and that is the black line there and you can see over time uh what has happened.This goes back to uh the early 1900s when uh we first put in place various income tax rates. Uh ...