Thursday, November 11, 2010

Gimme Shelter Indeed


I want to occasionally offer tax and financial planning tips from the world of the rich and famous. The first segment is from Keith Richards, of the Rolling Stones. In the November 1, 2010 issue of The New Yorker, writer David Remnick has the following in his book review of Mr. Richard's new autobiography, Life (2010):

"The whole business thing is predicated a lot on the tax laws," Keith Richards told Fortune. "It's why we rehearse in Canada and not in the U.S. A lot of our astute moves have been basically keeping up with tax laws, where to to go, where not to put it. Whether to sit on it or not. We left England because we'd be paying ninety-eight cents on the dollar. We left, and they lost out. No taxes at all. I don't want to screw anybody out of anything, least of all the governments that I work with. We put thirty percent in holding until we sort it out." Keith may fancy himself a symbol of '68, but he channels the fiscal policy of Grover Norquist.

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