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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
by 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 agoWhen 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.