death and taxes
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INTO THE GULFSTREAM
Welcome aboard your Gulfstream IV executive flight to the Caymans
Sit back and relax, we’ll take care of your every need
If an American company incorporates a subsidiary
under the laws of a foreign nation, it is thereby a "foreign citizen."
This allows the subsidiary to avoid paying U.S. income tax.
Uh, this is your captain speaking
Just little turbulence folks
No need to worry
Just a little bit of turbulence
We’ll be just fine in a few moments
The captain’s turned off the seatbelt sign, he expects smooth sailing down the line
So sit back and relax, there’s no reason for further concern
Inside "tax havens" meanwhile, subsidiaries shelter the parent corporations
from corporate income tax. They may also issue debt to the parent corporation
and the debt’s interest is tax deductible. I thereby avow to the U.S. Congress,
and the laws of the Cayman Islands, to uphold and protect a freer market.
Uh, this is your captain again
Uh, we’ve got a more little turbulence folks
No need to worry
Just a little more turbulence
We’ll be just fine in a few moments
Um, it seems we’ve entered a bad pocket of air
In fact we’re just about to stall
So I’m going to get back to it
And see if I can pull the plane’s nose up
Well, we seem to have had a close call
It really makes you think about what’s important
What’s important is to get these contracts done
If we don’t set up this shell corporation
The shareholders will throw a tantrum
And my year end bonus would be jeapordized
Uh, you may have noticed once again
Uh, we’ve got a bit more turbulence
Uh, we’re doing our best up here
But I’m not sure what more can be done at this point
She’s getting hard to hold up
So we’re going to have to prepare for impact
We’re going down into the gulfstream
Into the gulfstream
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