3 ms·

I upvoted your comment but I respectfully disagree: If a country has a law that says "you pay X tax using this law/method but Y tax using this other law/method"

• pc86 7y ago
  It sounds like you agree with me. That's not a loophole. That's a conscious decision on the part of whomever wrote that section of law to basically say "pay the lesser of these two methods."
  • _Understated_ 7y ago
    Not really. The way I explained it wasn't clear. Usually a loophole is more complicated like the Double Irish with the Dutch Sandwich which requires some complex maneouvering on the part of the company to pay minimal tax. I run a small business and that kind of thing is beyond my capabilities and would also cost too much but not for Google. That's what I assumed you meant by loopholes... my explanation of the process was a bit too simplistic. To me, a loophole is looking through all the laws and saying, "ooh, if we put our money here, then declare this thing, we can show a loss that allows us a rebate on a particular tax" or something... it's a symptom of excessive complexity in our tax systems. I don't blame organisations for doing it.