as i say, there’s a lot of loopholes and gotchas that one doesn’t think of at first. That’s why we need to draft serious plans and discuss them carefully, so things get moving.
Not sure whom you’re replying to here, but I can tell you that the Australian Tax legislation is absolutely massive to account for such “loopholes”. There was an enquiry into this and I believe that most of the recommendations have been ignored. I do not think that globally there is an appetite to actually fix this, because those in charge have amassed their wealth from the exisiting tax infrastructure and there is no incentive to address the inequities surrounding this, since the majority of those who vote are subject to the same tax code.
as i say, there’s a lot of loopholes and gotchas that one doesn’t think of at first. That’s why we need to draft serious plans and discuss them carefully, so things get moving.
Not sure whom you’re replying to here, but I can tell you that the Australian Tax legislation is absolutely massive to account for such “loopholes”. There was an enquiry into this and I believe that most of the recommendations have been ignored. I do not think that globally there is an appetite to actually fix this, because those in charge have amassed their wealth from the exisiting tax infrastructure and there is no incentive to address the inequities surrounding this, since the majority of those who vote are subject to the same tax code.