A tax law that cuts business costs: the Internal Revenue Code is not a friendly creature. It is designed to "taketh" your money--"giveth" is not in ... TAXES): An article from: Modern Machine Shop

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Title: A tax law that cuts business costs: the Internal Revenue Code is not a friendly creature. It is designed to "taketh" your money--"giveth" is not in its vocabulary. Yet, there is a section of the code that deals with captive insurance companies (captives). When properly used, captives are income-tax-saving machines for your business and can be structured to offer tax-advantaged benefits that create wealth.(Columnist: BLACKMAN ON TAXES)
Author: Irving L. Blackman
Publication:Modern Machine Shop (Magazine/Journal)
Date: July 1, 2009
Publisher: Gardner Publications, Inc.
Volume: 82 Issue: 2 Page: 38(2)

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