Quote:
Originally Posted by pylon
If you exploit the tax system within the rules of the tax system for maximum benefit, what the heck is the problem? I exploit my personal tax return every year, to maximize my refund, and dump the entire refund towards my mortgage every year. I know some people are content to go to HR block and get the absolute minimum refund they are eligible for so they can have the cash that day to go on a bender, but I want every penny back I qualify for. How is a business exploiting taxation rules any different?
How is a business/owner getting a tax break for bringing X #'s of jobs to a community, or city or whatever to the table bad for you or anyone? Especially if they are bringing a couple hundred jobs to the table, instead of going overseas? Only a stupid business person wouldn't explore those avenues/options. I would much prefer a super rich guy getting a little super richer, and keeping the jobs local, than the alternative of it evaporating forever to some foreign country.
There is a ton of back scratching in big business, and unless you make every single business interaction, public record, and have every single conversation recorded, and witnessed by a government official, it will never, ever, ever in the history of ever go away. Period.
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A business exploiting tax benefits to bring new jobs or keep jobs here as opposed to overseas is great. A corporation employing a huge tax department, lobbying government for tax breaks, creating shelters, etc. to avoid millions/billions in US taxes, not so great. I'm pretty sure if you asked most of the #OWS crowd, they're looking to curtail the latter, not the former.
Regarding your back scratching, I agree, this will never/ever go away. However, regulations/rules can be put in place/changed so that this kind of thing is harder to do and/or, against the law. Simply stating that this kind of thing is never going to go away doesn't mean people protesting against it are wrong to do so, silly to do so, hippies for doing so.