To Pay or Not to Pay
Posted on April 11th, 2013 in Uncategorized
In the play “Hamlet”, Shakespeare wrote “Neither a borrower nor a lender be”. He could have had the character go on to say, “And do not forget to avoid the tax collector at all cost”.
It seems, according to researchers, that Shakespeare did more than just write plays. Among other things he liked to reserve grain and then sell during times of famine for large profits. To compound matter further he also tried avoid paying taxes on his profits. He was investigated for tax evasion and prosecuted for reserving grain during a time of famine.
While there are many different morals to this story, as an accountant, the one that speaks the loudest is that not paying your taxes can haunt you for a very, very, very long time.