"The Canard of Tax Evasion How Equestrian Professionals Can Benefit from Industrial Companies' Missteps

The Canard of Tax Evasion How Equestrian Professionals Can Benefit from Industrial Companies' Missteps

As an equestrian professional, you may not initially see the connection between tax evasion by industrial companies and your industry. However, the consequences of such actions can have a ripple effect on various industries, including yours.

In this blog post, we'll explore how three industrial corporations got into trouble for allegedly evading taxes and what equestrian professionals like you can learn from their missteps.

Defining the Canard

Before diving into the details, let's define what a canard is. A canard is an unfounded rumor that spreads quickly, often causing unnecessary alarm or concern. In this case, the canard is the myth that tax evasion only affects large corporations and has no impact on smaller industries like equestrian sports.

The Cases Against Three Industrial Corporations

In 2025, the Department of Justice (DOJ) filed criminal cases against three industrial corporations – Total Metal Corp., Equator Energy Corp., and Limhuaco Metal Industrial Inc. – for allegedly using fictitious receipts to evade tax payments. These companies, along with their corporate officers, were charged with violating various sections of the National Internal Revenue Code (NIRC).

The Consequences of Tax Evasion

So, what's the significance of these industrial corporations evading taxes? The consequences are far-reaching and can affect industries like equestrian sports in unexpected ways.

1. Reduced Government Revenue When companies evade taxes, they deprive the government of revenue essential for funding public services and infrastructure projects. This reduction in revenue can lead to cutbacks in government programs that support your industry, such as equine welfare initiatives or trail maintenance.
2. Increased Inequality Tax evasion perpetuates income inequality by allowing wealthy individuals and corporations to avoid contributing to the system. This can lead to a lack of investment in public goods and services, which may negatively impact your industry's growth and development.
3. Unstable Business Environment When companies evade taxes, they create an unstable business environment that can deter investments, stifle innovation, and make it harder for legitimate businesses like yours to thrive.

Lessons for Equestrian Professionals

While the specifics of this case may not directly apply to your industry, there are several valuable lessons you can take away

1. Transparency is Key Maintain accurate financial records and be transparent in your dealings to avoid potential issues with tax authorities and build trust with stakeholders.
2. Support Fair Business Practices Encourage ethical behavior and fair business practices in your industry by promoting transparency and discouraging tax evasion. This can include partnering with organizations that support equine welfare initiatives or advocating for policies that benefit your industry as a whole.
3. Stay Informed About Tax Changes Stay up-to-date on changes to tax laws and regulations that may affect your industry. This will help you navigate any potential challenges and ensure compliance with tax authorities.

Conclusion

In conclusion, the canard of tax evasion is a myth that can have far-reaching consequences for various industries, including equestrian sports. By understanding the impact of industrial companies' missteps on government revenue, income inequality, and the business environment, equestrian professionals like you can learn valuable lessons about transparency, fair business practices, and staying informed about tax changes.

Remember, promoting ethical behavior and supporting initiatives that benefit your industry as a whole are essential for creating a healthier and more sustainable business environment. By doing so, you'll be contributing to an environment that will allow your industry to thrive for years to come.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.