2 ms·
The tax rules were simple. Multi-nationals create mass webs of offshore companies to move money round outside of their primary tax jurisdiction and then bring
by Marazan 9y ago
The tax rules were simple.
Multi-nationals create mass webs of offshore companies to move money round outside of their primary tax jurisdiction and then bring it back sans-taxiation if they had just done the simple straight forward thing.
Multinationals made the situation complex to get around simple tax rules. So the tax rules were expanded to try and keep up.
And thus it is a never ending race with ever increasing complexity of tax law.
Yet somehow I think you would bitterly oppose a move to principle based tax law (as opposed to rules based) which is the only way of actually simplifying tax law and putting all companies of an even level footing.