Winning in Business: The Path to Radically Reduce Corporate Tax
Dion S. Ferrell
Community Builder, Transformational People Leader, Architect of Financial Re-Engineering, Curator of Business Success, Visionary, Manifestor of Dreams
The Government is not the Biggest Source of Corporate Taxation, You Are!
Question: What is your Corporate Tax Rate? Before you answer, what if I told you, it doesn’t really matter!
Message to ALL Business Leaders
What if I told you, that You are the greatest source of Corporate Tax assessed to your company. It is not the federal, state, or local government, it is You. We are in the midst of an election year and with any election, taxes are a major topic of discussion. The candidates will and have certainly spoken on their parties’ policies regarding their impact on the taxes assessed to individuals and companies. I am not negating the importance of these policies nor your perception; however, I am asking you to prioritize your attention to what can and will have the most impact on your company.
Early in my career I spent time in Ireland, as the Irish government gave significant tax incentives for pharmaceutical corporations to open operations there. Companies often relocate, searching for the next tax havens to lower their tax burden. The greatest taxation a company faces is self-imposed. You read that right, look in the mirror, you are responsible for your greatest tax burden. Fortune 500 Companies have a self-imposed effective Tax Rate of 93%. Fortune 500 Companies are paying out, $0.93 of every dollar in revenue generated. This is a staggering statistic that no one knows, and no one talks about.
“For every dollar of revenue Fortune 500 Companies generate, they are paying $0.93.” - Dion Ferrell
This performance suggests a 93% loss (or taxation) that companies have allowed based upon their internal cost structures. No government or political policy will ever address this loss. The Presidential Candidates, Governors, Senators, or Mayors can’t do anything to address this issue. You are the only one who can address this issue and begin to disrupt your norm. You have the ability to improve your businesses’ financial performance. Many leaders will justify this loss, ignore it, or even pass it on to their end user. This type of performance contributes to the rising inflation epidemic.
“In Fiscal Year 2023, Fortune 500 Companies generated $41 trillion in revenue, yet only yielded $2.9 trillion in profits. These numbers are staggering and represent less than 7% net profit margin.”
Note: Data for this report was sourced from the Fortune 500 list and provided by Growthandconvert.com.
As experts in transformation, we recognize that the first step to any effective transformation is Awareness (or Consciousness). Refer to the Four Stages of Competence by Martin M. Broadwell.
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As Business Leaders, we cannot change, manage, or improve what we do not first perceive and understand. In reading this, we have covered the first step of your improvement we have been made aware of. Now that you know, what are you going to do about it? Reducing your Effective Corporate Taxation Rate of 93% should be your utmost priority. By doing so, we create the flexibility to reinvest this newfound value.
At The United Alliance, we call this process – Financial Re-Engineering. The path to improvement begins with the humility to recognize what you may not understand. Embrace where you are, including those not currently possessing the solution. With this insight, you’ve been empowered to rectify this opportunity. Learning begins when a person moves from unconscious incompetence to conscious incompetence. You are not alone; United Alliance helps companies find their untapped potential, leading to Profitable Growth. We reduce this self-imposed taxation by re-engineering your financial performance. Beyond providing the necessary results, we offer to teach our clients how to become the solution themselves via our apprenticeship model.
Come to the United Alliance to learn how to unlock the dormant potential buried within your company. We demonstrate to companies how to unleash their full potential. With our proprietary and state-of-the-art methodologies, we help businesses reclaim their power, transforming their performance. Through our Atmospheric Thinking and Value Creation Methodology, we will radically and exponentially create millions on millions of new value.
The solution to reduce your self-imposed Corporate Taxation begins with you! Begin your journey with us.
Why United Alliance?
Set up your initial consultation with us at [email protected].
For case studies on how we have helped organizations achieve legendary results, visit https://www.theunitedalliance.com/financial-performance.