Quora Answer: Is Tax Mitigation More Important Than Investment Performance for Entrepreneurs?

The following is my answer to a Quora question: “Is tax mitigation more important than investment performance for entrepreneurs?” 

That is putting the car before the horse.  Tax mitigation is a consideration when you are making money.  If your investments are not performing, if your revenue generation is diminishing, then tax exposure is the least of your problems.  Tax planning is never done with the sole intent of minimising tax exposure, and in isolation from generating revenue and growing the business.  Sometimes, it makes more sense to pay more taxes when it will generate a revenue opportunity that makes it worth it.