Monday, August 15, 2005
Assets seek their highest return
Why is this a surprise? All resources seek their highest possible after-tax return; any asset that can be moved to a lower-tax environment has incentives to do so. Accountants are in the business of advising asset owners to do so.
County officials think the band will give them money in return for county services. The question they need to ask is whether tribal leaders could provide those services cheaper to themselves.