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So fix the laws to prevent this type of tax avoidance, else all companies will use these tax avoidance schemes, like they are doing right now. Which begs the q

So fix the laws to prevent this type of tax avoidance, else all companies will use these tax avoidance schemes, like they are doing right now. Which begs the question why these 'loopholes' exist in the first place, and why they aren't quickly plugged. This was rhetorical question, the politicians keep these loopholes in the system at the behest of these massive corporations and rich individuals who bri... lobby them to do so, and then they put on these shows to make it seem as if they are actually trying to prevent it.

dm2 13y ago
Yep. It all comes down to companies promising to donate tens or hundreds of thousands of dollars to public representatives the next year in exchange for votes which harms the United States. It's certainly corruption and almost treason, but congress has probably passed many laws preventing themselves from ever going to jail for bribery, treason, information leaking, insider trading, or any other crime which normal citizens would be prosecuted for.
codeulike 13y ago
When you fix the loopholes, you create other ones that are maybe harder to see and more expensive to achieve. So over time fixing loopholes makes the tax system more and more complicated, and hence more expensive to run. And loopholes will continue to be found, but perhaps only be reachable by richer and richer entities.
- talmand 13y ago
  When the tax law has reached that point, it's time to gut it and start over with a simpler system with fewer or no exceptions based on strange criteria. Then you put in requirements that makes it incredibly difficult to add in exclusions, exceptions, deductions, and the like to the system. But of course politicians won't do that. How else would they get on TV grandstanding about the evil corporations in our midst? Politicians use the tax loopholes the same as corporations do, just for different reasons.

dm2 13y ago

Yep. It all comes down to companies promising to donate tens or hundreds of thousands of dollars to public representatives the next year in exchange for votes which harms the United States. It's certainly corruption and almost treason, but congress has probably passed many laws preventing themselves from ever going to jail for bribery, treason, information leaking, insider trading, or any other crime which normal citizens would be prosecuted for.

codeulike 13y ago

When you fix the loopholes, you create other ones that are maybe harder to see and more expensive to achieve. So over time fixing loopholes makes the tax system more and more complicated, and hence more expensive to run. And loopholes will continue to be found, but perhaps only be reachable by richer and richer entities.

talmand 13y ago
When the tax law has reached that point, it's time to gut it and start over with a simpler system with fewer or no exceptions based on strange criteria. Then you put in requirements that makes it incredibly difficult to add in exclusions, exceptions, deductions, and the like to the system. But of course politicians won't do that. How else would they get on TV grandstanding about the evil corporations in our midst? Politicians use the tax loopholes the same as corporations do, just for different reasons.