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The question I would ask - is that foundation just a tax haven for the family profits, or is it actually doing positive things (could also be both)? Same with P
by LocalPCGuy 4y ago
The question I would ask - is that foundation just a tax haven for the family profits, or is it actually doing positive things (could also be both)? Same with Patagonia listed in a child comment - a lot of positive press came from the recent moves, but they were also incredibly self-serving for the family from a monetary point of view.
- alephnerd 4y agoBoth. Foundations allow HNW individuals to pass on large portfolios to descendants while also providing PR, Comms, and Political benefits to the family. (Note to Self - flesh out w/ source).