being a tax advisor, I've never really looked at taxes as being bad news, in so far as it has been my experience that taxes are a percentage of profit.

Does that not directly hit the shareholders? This is monies that would go into retained earnings and paid out to shareholders as dividends, now they will have less. As for Falcon, it is not an issue, because they have no profits. However, the partner they so desire, who does have profits might decide to invest elsewhere now where the tax situation is more favourable.

Tax is never a good thing.

Bud