Quote:
Originally Posted by tompe
Yes. And if your moral principle is to pay taxes you should pay what is intended and not minimize according to loopholes you can get away with. You should not use a bug in the implementation.
Sometimes you also have a law that say that transactions whose only purpose is to reduce tax is not allowed.
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So what are these loopholes?
It seems people do not seem to understand that if something is allowable under the law then it is not a loophole.
If something is not allowable under the law then it is illegal and those who do it can be charged.
It may be that the law does not catch some situations that in the opinion of some that it should do. In that case the need for change needs to be assessed on the basis of rational assessment of the needs and consequences; and that certainly not by laypeople who have no understanding of those things and, it seems, to be inclined to being conspiracy theorists.
So again what you are calling loopholes and please give technical tax, business and societal pros and cons of correcting each one?