In this episode, you\u2019ll hear Andy Froberg Tax Director at GIP,\xa0a private equity fund which goes to investors to invest their money and to generate returns for them. Andy has to find a way to put together all the promises GIP has made to investors with all the tax regulations that apply. That\u2019s the big picture.
Almost every single human activity that everybody is doing right now all over the world has tax consequences. And all tax systems require to classify all human activities. That\u2019s what first attracted Andy to tax: a passion for classification.
As justice Oliver Wendell Homes once said: "Taxes are what we pay for civilized society."\xa0Even if, I would add, we always ask for a discount.\xa0
Where is the creativity in tax systems? That\u2019s the question of the week.
It\u2019s time to listen to him.