Re:Venmo, PayPal and Zelle must report $600 in transactions ...
by _fat_santa on Tuesday January 18, 2022 @12:39PM
(#29982695)
You are correct. The anger over this isn't about any details. We know that these large corps are following the rules, just using loopholes and such to lower their tax burden. The anger is over the fact that it's clear the government needs money because of the spending, so rather than going after the big multi-billion dollar companies that should be paying way more in tax, they are instead going after the low hanging fruit.
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Re:Venmo, PayPal and Zelle must report $600 in transactions ...
by Domenic_S on Tuesday January 18, 2022 @12:57PM
(#29982984)
"Loophole" implies that these strategies are meant to circumvent the explicit purpose of the law, but these tax breaks are intended. There is no such thing as "closing a loophole", only purposefully and meaningfully deciding that raising tax on corporations is a thing to do.