David Auer, Founder and CEO of Auer Tax Group Gives a Moving Account of How Some Companies Lower Taxes

Founder and CEO of Auer Tax Group, author and Premier Tax Expert, David Auer, acknowledges that many individuals and corporations choose to relocate in order to lower tax bills, though he also says it isn’t necessary.

Tulsa, OK – March 7, 2016 – David Auer, recognized Premier Tax Expert and Founder/CEO of Auer Tax Group posted a new article on the company website entitled You Don’t Have to Pull Up Stakes to Lower Tax Bills.” It’s moving to see the lengths some companies will go to in order to make sure the IRS gets as little as possible. Mr. Auer elaborates on what one of the largest companies in the world does in order to accomplish that goal.

David-Auer1Auer writes, “Some people and corporations actually pack up all their belongings move from place to place in order to lower their tax bill.” He continues adding, “It seems a little dramatic, but with a good plan in place, that does not have to be the only way to get the lowest tax bill.”

“For kicks,” says Auer, “let’s look at the history of one of the worlds largest companies. General Electric. GE has been bringing good things to life since 1889 when Thomas Edison and J.P. Morgan created the Edison General Electric Company. Today, GE is the fourth-largest company in the world. It’s the very model of a modern “multinational,” with 350,000 employees generating $150 billion in annual revenue from jet engines, financial services, clean energy, life sciences, appliances and lighting, and railroad equipment.”

According to Auer, “That kind of money keeps GE high on the IRS’s radar. GE literally files thousands of tax returns every year, for every country in the world (or at least every one that requires a tax return), every state in this country, and more cities than you can name. Their federal Form 1120, which is the corporate equivalent of your Form 1040, runs over 50,000 pages — and it gets audited every single year. So naturally, GE works hard to avoid paying anything more than it has to.”

Auer admits to not knowing what prompted GE to move from Manhattan to Connecticut 40 years ago. However he writes, “Last year, Connecticut legislators adopted a budget that raised taxes by $1.9 billion statewide. The very next day, GE Chairman decided he wasn’t going to pay those kinds of taxes and would rather pull up stakes and get out of town.”

The entire article can be read at http://www.premiertaxexpert.com/you-dont-have-to-pull-up-stakes-to-lower-tax-bills/

About David Auer

With over 30 years of experience, David Auer is the Founder and CEO of Auer Tax Group, a national tax consulting firm, Blue Ocean Strategies, a business strategic planning group, and The Advanced Planning Group, a collaboration of multidisciplinary advisors focused on tax, estate, asset protection, and business succession strategies for successful business owners, professionals, and high net worth families.  He is also a founding member of Financial Gravity Law, a division of Financial Gravity®.

David is a frequent speaker, is recognized as one of America’s Premier Experts®, is on the adjunct faculty of Asset Protection Corporation founded by internationally acclaimed asset protection attorney Robert Lambert, LLM in Taxation, Esq., and is the author or co-author of several books, including 57 Ways to Grow Your Business – Bright Ideas for Serious Entrepreneurs; “You Can Deduct THAT?”; Ignite Your Life with Brian Tracy; and Performance 360 Special Edition with Richard Branson.

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