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Originally posted by verylowfrequency
Even simple tasks such as fixing or building highways involves so much thieving that it could probability be done for 10% the actual cost if everyone involved were honest moral men.
Originally posted by ForwardDrift
I don't quite understand why stable nations just don't standardize their tax rules and regulations so that tax sheltering becomes difficult, if not obsolete. Any nation directly benefiting from tax sheltering has to realize the folly in thinking that the short-term financial benefit of allowing tax sheltering won't out way the long-term negative impact that tax sheltering has over the broader market. It seems like its just another way to distort the true cost of anything, which usually ends with horrible market-correcting consequences for everyone involved (including the shelter). But then again, I don't have a Ph.D in Economics nor Finance, so what do I really know? But, it just seems intuitively stupid to me to be the shelter-er for any person, knowing that it will impact you one way or another.
I think there is a feel-good factor with business owners when they get some exemption that gives a tax rebate. Either they feel they've struck a hard deal by haggling back some money or have felt they have regained control over their finances.
It's when a large company is close to bankruptcy that they file for tax exemptions. When the number of jobs and families runs into thousands, MP's have no option but to try and help. So they pass tax exemptions and loopholes; tax credits for owning company cars, buying office hardware or lunches. Business expenses could always be written off against tax since the government got the money indirectly from income tax and VAT of the purchase. So even if you started with a clean slate of a flat rate tax system, it would only be a matter of time before amendments, exceptions, special cases were being reapplied.
Originally posted by muse7
Steal a loaf of bread and you get 15 years
Steal a couple of billions and you get tax breaks