They pull in clients interested in trusts for "asset protection" and then sell "tax minimization," too.
It said: "Even if they are within the law, aggressive tax minimization approaches pose regulatory, reputational and financial risks".
Pricewaterhouse said that it had "risk management procedures in place to ensure that we can continue to pursue tax minimization strategies for our clients while complying fully with tax shelter registration, list maintenance and promoter requirements".
However, she rejected claims that Adani would not profit from the project because of its offshore tax minimization strategies, and found that Adani had "the necessary financial capacity to carry on mining operations".
Last year, at Forbes, I wrote about the property tax minimization strategy, the "Shouse" - Tiny House - Movement.
5) Where was the OECD when the EU stepped into address one of the poster children of tax minimization?
These ideas, often in combination, can serve as the key elements of a strategic gifting / tax minimization plan.
However, the latest evidence suggests that opportunities for tax avoidance or tax minimization for corporations are nowhere near as vast as people imagine.
The super-rich are able to lower their taxes even further through a multitude of tax minimization and tax avoidance strategies.
Combine this reality with the new law's ambiguity, and it is easy to see why some taxpayers will be drawn to the most aggressive tax minimization strategies.
And even if, years from now, regulations block a tax minimization strategy, those who take a chance could come out ahead.
