4 ms·
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 compl
by _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.