L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 9 months agoTurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industrywww.opensecrets.orgexternal-linkmessage-square39fedilinkarrow-up1483arrow-down14file-text
arrow-up1479arrow-down1external-linkTurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industrywww.opensecrets.orgL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 9 months agomessage-square39fedilinkfile-text
TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry::undefined
minus-squareDark Arc@social.packetloss.gglinkfedilinkEnglisharrow-up1arrow-down3·9 months agoLoopholes aren’t bad, they’re incentives for companies to do certain things rather than hard requirements for companies to do certain things. It’s when it’s to such an extreme no or little tax is paid that there’s a problem.
minus-squarebamboo@lemm.eelinkfedilinkEnglisharrow-up4·9 months agoLoopholes also get a bad name because many of them are carved out to target specific people, companies, and demographics in ways that aren’t helpful to society at large.
Loopholes aren’t bad, they’re incentives for companies to do certain things rather than hard requirements for companies to do certain things.
It’s when it’s to such an extreme no or little tax is paid that there’s a problem.
Loopholes also get a bad name because many of them are carved out to target specific people, companies, and demographics in ways that aren’t helpful to society at large.