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> if the new remedies can be applied to the "legal" implementations that were in effect before the closing of the loopholes, I suspect that it would make the "l
by chii 3y ago
> if the new remedies can be applied to the "legal" implementations that were in effect before the closing of the loopholes, I suspect that it would make the "loopholer" a wee bit more cautious.
and there's moral implications about applying new rules retroactively. What you do today that is completely legal, should not be punished tomorrow even if it was decided in the future that it is illegal. Otherwise, there would be a chilling effect on innovation.
- ChrisMarshallNY 3y agoExactly. I could see a government, in need of tax revenue, enacting a law that taxes some activity, then going after people that have been doing it for years. Suddenly, we owe ten years of back taxes, with penalties. It’s not feasible to do this. But there are plenty if people –many on this very forum, I suspect– that know what they are doing is highly immoral, and will likely get shut down, but … MONEY … so they do it for as long as they can gt away with it.