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Smart people use loopholes. They are legal so why wouldn't you pay less tax? If you hate large companies not paying their share, encourage government to do th
by d33lio 6y ago
Smart people use loopholes. They are legal so why wouldn't you pay less tax?
If you hate large companies not paying their share, encourage government to do their fucking job and legislate in order to prevent companies from cheating the fed out of billions. Ironically, (as much as I hate the guy) Trump is the only president in recent history who's made clever moves to target Amazon. Unfortunately, companies lobby to have their tax cheating ignored by congress and government at large.
This is glaringly obvious, when Biden criticizes trump and rich americans for "cheating" on taxes where his returns clearly show he uses similar - sometimes identical means of dodging taxes.
- fiftyacorn 6y agoThe problem is the rich and big businesses lobby for loopholes, and there is a revolving door between tax authorities and tax companies to exploit these loopholes One of the motivations of the backers of brexit was to avoid EU tax regulation
- d33lio 6y agoAgreed, but this kind of lobbying is equally distributed across party lines. The fact that half of Biden's cabinet is made of of ex FaceBook execs is just one example of that, similar to Bush's cabinet being packed with ex oil execs...