| D_Boy said: Well...technically it isn't illegal. Like you said, it is exploitation of a loophole...but...the tax dudes created that loophole on purpose. Don't you think that the tax dudes know this shit is going on...of course they do..but they don't care. On the other hand though...if you are making a boat load of money, directly or indirectly, would you really want to get taxed like 100 million dollars extra if you could avoid it by exploitation. Look at it this way...if I make $150 000, I have to pay around $50 000 tax on that shit. Good luck said the duck...I'm am not giving away that much money to money grabbing douches. I will exploit every loophole I can to minimise that tax. I worked hard for that money...I am not throwing away 4 months worth of cash just like that. |
Of course I realise that the loopholes were created for a reason. I imagine they are there to keep the larger businesses from moving to tax havens, even if that means the tax they pay is far lower. That's what is happening in the UK, there is a tax exodus which is the case with McDonalds and Google, who can't exploit the loopholes and move to tax havens. The logical solution is to change the corporation tax rates to a more fair rate so that people don't move abroad. Essentially you half the tax and that results in 2X+ more tax paying corporations in your country, assuming you close the loopholes to an extent.
Essentially everybody could stand to benefit more than they are under the current system. the taxes wouldbe lower and it could reverse the migration of corporations.
