In financial firms, BOLI (startpage.com) is a tax scam where banks set aside profits to underwrite (themselves) life insurance premiums (tax deductions). Later, the employee dies and guess who gets the insurance payout? Did I mention it's also tax free?
Apparently, it's now acceptable for too big to exist corporations to do the same thing.
In financial firms, [BOLI](https://www.startpage.com/do/search?query=boli+bank) is a tax scam where banks set aside profits to underwrite (themselves) life insurance premiums (tax deductions). Later, the employee dies and guess who gets the insurance payout? Did I mention it's also tax free?
Apparently, it's now acceptable for too big to exist corporations to do the same thing.
(post is archived)