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Well, I literally (literally) slept trough this discussion, but for the record please tell me how the "check the box" rule is not a loophole. It was a mistake f
by gozo 11y ago
Well, I literally (literally) slept trough this discussion, but for the record please tell me how the "check the box" rule is not a loophole. It was a mistake from trying to make the tax rules simpler which wasn't supposed to happen and they've tried to repeal it multiple times without success.
http://www.reuters.com/article/2013/05/31/us-usa-tax-checkthebox-insight-idUSBRE94T17K20130531 http://www.reuters.com/article/2013/05/31/us-usa-tax-checkth...
- kobayashi 11y agoHmm, that's an interesting article. Although I'm familiar with the commonplace tactic of oversees shifting of profits, I never knew that the legal principle described in the article as "check the box" was widely considered to be a tax loophole.