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   can.taxes      All that "free" healthcare has a price      23,408 messages   

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   Message 22,695 of 23,408   
   utsuxs@hotmail.com to All   
   What exactly is a tax loophole?   
   25 Mar 13 18:32:09   
   
   Greetings,   
   I’ll just come out and say I need my curiosity satisfied with an education.    
   Jim Flaherty announces he is going to close loopholes,  corporate loopholes.    
   I consider myself moderately knowledgeable in tax laws but I’m an individual,   
   so my knowledge of    
   corporate taxes is limited.  So what precisely are these loopholes?   
   An individual has to declare foreign income,  don’t corporations have to do   
   the same?  Tax treaties and such.  Aren’t the days of “hiding” your money in   
   Swiss banks accounts over?  Doesn’t Canada Revenue Agency (CRA) get you on the   
   money transfer out?   
   My theory is politicians are not complete smucks when it comes to collecting   
   money.  Politicians will not allow these ‘loopholes’ to persist for long   
   durations.  Politicians come out with news sound bites such as “we’re going   
   after corporate cheaters and    
   close their tax loopholes”  because it sounds good to voters who may not know   
   any better.  Or am I wrong?  If so please tell me.  What are these loopholes?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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