Minimize your Storage costs save more

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Believe it or not but saving profit also needs significant funds to be invested.
Some of cost reduction methods are closely connected with taxes. Mind, there are both legal and illegal ways - tax avoidance and tax evasion respectively.

The former one has been on everyone’s lips recently due to scandals with Apple, Facebook and the latest Oxfam report on European banks and https://playwithcrypto.io/ The tax avoidance strategy they all use is called Double Irish and A Dutch Sandwich because it involves one Dutch company (imagine a slice of ham) and 2 Irish companies (2 pieces of bread). Corporation sends its profits: Irish#1 - Dutch#1 - Irish#2 (have a look at the picture below), and due to this saves money. Actually, Ireland became so popular among US companies because of its comparatively low corporate tax - 12.5%.

One more technique of cost reduction for both large and small businesses is outsourcing. One doesn’t hire an in-house team for a short project but delegates it to a vendor, be it a nearshore or offshore company. How can it save money? Usually companies outsource to countries where salaries are lower. What is more, they do not pay taxes to the country where they are located, they don’t provide workers with bonuses or working places/equipment and it can also influence the budget.