Quote:
Originally Posted by PatNY
Law makers world wide are the ones responsible for the byzantine tax codes that corporations follow.
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Figuring out what countries account for which corporate outputs is complex. One reason the existing corporate tax codes are complex is because of the provisions in past laws attempting to curb avoidance.
The only non-byzantine proposal I am aware of is to replace corporate taxation with a consumption tax.
Quote:
Originally Posted by PatNY
You don't need to avoid "all" loopholes. Just close up the one that is in question.
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AFAIK, every proposal for cracking down on tax havens has its own loopholes, or other disadvantages (for example, replacing corporate taxation with a national sales tax would favor the wealthy and turn the US into a tax haven).
Every word of tax law changes will be parsed by companies with highly aggressive tax avoidance departments to find new loopholes. Other companies will have different priorities. See:
CEO Integrity and Tax Avoidance
Laws work best when most people agree with them, and adherence comes more from socialization than enforcement.