4 ms·
> While Parliament might not have explicitly legalised it, it also hasn't closed the loophole, perhaps in recognition of its social use and history. Remember t
by mseebach 13y ago
> While Parliament might not have explicitly legalised it, it also hasn't closed the loophole, perhaps in recognition of its social use and history.
Remember this legal philosophy gem next time you read about a corporation using a tax loophole.
- tfgg 13y agoExactly, my main thought when companies are being bullied for their lawful behaviour is if parliament wanted to stop corporations using a specific tax loophole, it could pass a law against it. Why hasn't it? Not that it's always easy to divine its intent. This is not to mention that tax law is a lot more complex and likely to result in subtle loopholes than this specific, evidently well-known one.