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Governments have no interest in fixing it. Usually law makers and legislators benefits from those loopholes, directly (with their own money) or indirectly (with
by danilocesar 9y ago
Governments have no interest in fixing it. Usually law makers and legislators benefits from those loopholes, directly (with their own money) or indirectly (with campain supporters). Not only in corrupt contries but also in well stablished democracies.
Those loopholes are used even by people who claims doing a lot of charity, as Paradise paper is showing.
I'm very pessimist about this going away anytime soon.
- mstade 9y agoYes, this is probably the sad truth. You hear officials lament the immoral actions of corporations one day, then sign loopholes designed by BigCo and friends into law the next. Which is exactly why I think the tax office should provide a free service to anyone looking to optimize their tax footprint. If it's legal, why not?