Originally Posted By: ItalianForever
Originally Posted By: getthesenets
Originally Posted By: ItalianForever
Originally Posted By: getthesenets

Loopholes are written into tax codes



Such as?


in the case of what Binnie was talking about, the loopholes in Subpart F of the IRS tax code

http://www.irs.gov/irm/part4/irm_04-061-007.html


Are you a cpa or a lawyer?

Originally Posted By: Faithful1
It makes much more sense to operate through incentives rather than punishment.


Yup. gotta consider the long term impact of decisions.

I woulden't mind an outright ban on outsourcing. I am sick of talking to someone from India everytime I have a problem with At&t.


GetNets was correct in his linking the Subpart F codes. Those codes concern the advantages a corporation has when it is classified as "Foreign Based". So that's the loophole and its a difficult one to close because it makes perfect sense.


"For us, rubbin'out a Mustache was just like makin' way for a new building, like we was in the construction business."