Re:New facts about the leadup to the Beirut explosion
by suby on Wednesday August 26, 2020 @06:39AM
(#24281149)
If there is always another loophole and these attempts at closing them don't matter, they wouldn't collectively be spending billions of dollars in lobbying to keep the current status quo. It's pretty clear that legislation can make a substantial dent in the amount of revenue that can be collected via taxes.
I doubt they will. Most likely outcome is their tax consultants will have to get craftyer. Closing loopholes and tax havens is a continuous game of whack a mole where the authorities are always a step behind.