daily writing practice 25th, November please correct as follows, thank you! -------------------------------------------------------------------------------------------------------------------- I definitely agree with the main point that firms and rich could use tax havens to protect their wealth. There are two important reasons which are reducing cost and legal. The first reason why I support companies to use tax havens is that they can decrease their added expend. As a profit organization, companies need to create benefits constantly. Firms can maximize their profits if extra costs are reduced by using the reasonable way like tax havens. According to financial research suggests that most firms are likely to invest their plants and equipment by retained earning and that the capacity investments could contribute to a good circle of economy growth. Moreover. Cutting unexpected costs are good to employees because they will get more benefits from firms when companies make more income for themselves. Workers know that if they are working harder to achieve stated accomplishments, they will make more profits for companies and that become an incentive for employees. By contrast, if firms pay much tax which could originally avoid by legal way, it will cause a harmful influence in a numbers of employees that discourage their motivation. The second reasons is that concerns about firms use a legal way to avoid paying tax. Although some people may say that firms should not use tax havens because of moral turpitude. They must take something wrong with firms. if companies involve in some illegal activities, they will be punished by government for a huge amount of penalty, indeed. However, using tax havens by rightfully establish subsidiary companies in overseas where are more lower tax rates to pay than other countries. A studying from university, it tells that most famous enterprises in the ranking of Fortune Global 500 are put on of their oversea companies into tax havens. That’s what making those companies more fascinating to the investors. Therefore, under legal way, firms have to use tools to manage their profits for investors.