Those were the favourite words of my old deputy head-master. They came to mind when I read that James Owens, chairman and CEO of Caterpillar, said his company spends some $40 million a year on tax planning. He added:
It's a big waste.
As my deputy head would have said:
Just don't do it
To which he would have added his favourite justification:
Funny. I usually thought he was right then. And I'm sure he'd agree on this right now.
PS Owens made his comment at the same event that Greenspan used to drop a clanger. Must have been a humdinger of a bash.