Is It A Sale Or Is It A Spin? It’s Both- The Magic Of The Reverse Morris Trust
In a famous Saturday Night Live sketch, a young Steve Martin promised that “You too can be a millionaire, and not pay taxes.” While the advice he proceeded to give was ineffective, using a reverse Morris Trust, your favorite company can sell off a division and not pay taxes. How you ask? Simple. First, borrow as much debt… Read More »