“Tax and weather are two huge incentives, but it was really just moving somewhere that was more conducive to my business.”
The Deal Junky Podcast · He Quit Corporate, Sold A Startup & Built A Top 10 Podcast: Here’s What He Learned | Scott Clary
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What was described
relocated from Canada to Miami to benefit from lower taxes and better climate for his business
Said nearby on the same subject
“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
“We decided to lower VAT tax on fuel. We lowered excise tax on fuel. But we did it responsibly by introducing windfall tax on oil companies that right now generate really huge margins”
“The only reason Alex is able to benefit from that strategy is that he has basically preferential pricing for a fund. So if those managers truly are skilled… Alex is able to benefit because he's got a lower fee than everybody else in the bucket.”