Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
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Member since:
2007-02-22
If you consider the US tax code to be 'ridiculously complicated'... oh boy. @_@
The US tax code is one of the simplest out there. And the reason these tax loopholes exist is because of this simplicity: you can't be taxed for money that you don't earn under US jurisdiction.
Fixing this would require the law to either assign an 'intent' to money, or for the law to declare it has jurisdiction over money earned outside the US. Neither would sit well... well, anywhere.