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The financial sector has the largest amount of compliance to contend with, but even with all that compliance history shows there are always loopholes and interp
by Terry_Roll 4y ago
The financial sector has the largest amount of compliance to contend with, but even with all that compliance history shows there are always loopholes and interpretations which need to be tested in court. What is also common, is big business doesnt advertise the testing of boundaries, they just go ahead and do it.
Just look at the K2 tax avoidance scheme
https://en.wikipedia.org/wiki/K2_(tax_scheme) https://en.wikipedia.org/wiki/K2_(tax_scheme)
Or look at the big tech companies running their affairs through offshore tax havens. I think you would have to be naive to think that scrupulous companies exist, their primary objective is existence and profit making which can involve some risk taking.