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It’s Not Just Wyoming

August 15, 2011

An article by 60 Minutes addresses some of the issues corporations face when deciding to move their operations offshore.  There are some interesting parallels with Wyoming, both in the tax arena and in the methods of creating a corporate business presence.  People seem to forget that the purpose of a business is to make money; it does this by maximizing its revenue and minimizing its expenses.  No one (business or individual) has an obligation to pay the highest tax conceivable, and the laws, both in the U.S. and abroad, permit many ways to create a company without having some huge physical factory floor with a physical mailing address, where hundreds of people are employed.  Huge corporations use these laws to minimize their taxes and other expenses, and small businesses do the same thing.

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