News for hackers. Stuff that matters.

A comment on Obama presses to end corporate trick for evading taxes. Parent comment

Re:Obama presses to end corporate trick for evading taxes by Millennium on Friday July 25, 2014 @03:30PM (#8087156)
But what does it mean to pay one's fair share? What criteria should be used to determine it? Are taxes the only way that one's fair share can be paid? How should we treat outliers on both ends of the spectrum?

We haven't even finished debating questions like these. Yet taxation is needed in some form, so people do the best they can. Unfortunately, that means planning based on the assumptions of specific answers to unsettled questions.

[ Parent | on HN ]
Re:Obama presses to end corporate trick for evading taxes by SolarNet on Friday July 25, 2014 @03:33PM (#8087174)
And that's why both Obama (and Democrats, but not in this article) and the Republicans in the article talked about reforming the tax code.

But the more important point was that these corporations are definitely evading the spirit of our current (outdated) laws, and we need to close this loophole sooner rather than later (i.e. after the years it will likely take to fix our tax system).

To draw a programmer analogy, we should refactor the laws, but this is a critical bug fix. We can't stop supporting the old code just because the new code might fix it.

[ Parent | on HN ]