LogFAQs > #959656813

PerfectChaosZ posted...

Because the millionaries use their vast excess of money to pay the politicians in charge of our lives to make these loopholes and keep them open to become ever richer.

You seem to be talking out of your ass here. One of my closest friends is a tax accountant at a big 4 firm, most loopholes in tax law were not maliciously added to tax law, they were just situations that noone figured out until after the rules were made and put into effect. Think of it like speedrunning video games, people are still finding new bugs and exploits in 30 year old video games today. Then when you have a situation where large companies are exploiting the loopholes, the political issue that comes up is that plugging the holes risks pissing them off and having them take their money elsewhere. As long as the option exists for companies to move to more favourable tax havens, closing every single loophole becomes political suicide. Which is why tax law changes are usually done at a slower pace.

Even then, a lot of the things that get reported (THIS COMPANY PAID NO TAXES!) is just misconstrued in a lot of cases. For instance, if a company takes advantages of tax breaks, those tax breaks were introduced for a reason, to solve some other problem (attracting businesses to regions with high unemployement, getting companies to implement environmental controls in return for tax breaks (which cuts out the middleman of the government having to pay directly for those changes) etc. etc.)

Like almost anything you see talked about by uneducated people on the internet, it should require critical thinking before you continue to spew it further

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