There will be a loophole in the new law, which can then be exploited. The new law cannot cover loopholes in itself as the new law is a meta-law and it would need a meta-meta-law to cover loopholes in it.
This is all definitively covered in 'Gödel, Escher, Bach: An Eternal Golden Braid'.
I'll see you in meta-meta-court, sonny.
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Reply to: Gaar!
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Previously on "Gaar!"
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Yet another case of the Government agreeing to something without having a clue about the ramifications
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Originally posted by Spacecadet View Postanyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegal
As has been said before, the boundaries between avoidance and evasion seem to be very blurred in the eyes of politicians.
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Originally posted by TimberWolf View PostWhat's a loop hole?
Although some observers claim to have spotted several 'loopholes' in the parliamentary expenses regulations; file under home flipping, moat cleaning and Bang&Olufsen huge screen televisions.
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Originally posted by Spacecadet View Postanyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegal
One good law firm could destroy the whole thing. Sounds like a sop for the Lib Dems.
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Gaar!
anyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegalTags: None
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