Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

The concept of structurally organizing to minimize taxes is hardly unusual -- see Tim Cook discussing his strategies in a congressional hearing; and see also the many US corporations that pay minimal taxes for such reasons.

However, the objective of the structure should be to minimize the tax load on the corporation, not on those having a fiduciary responsibility to the corporation.

I still contend we don't know quite enough to reach a conclusion, other than we know enough from the principals' prior history to have concerns that the structures are not primarily focused on the financial welfare of BCCI shareholders.