>>Exactly! The whole Panama offshore company incident is possibly legal under any law. However, it is the politicians who make those rules and then themselves avail the loopholes to keep their wealth hidden. Then preach that the fellow citizens should declare all wealth and pay tax on it.
I think you don't understand this very well.
Not declaring all wealth is breaking the law - tax evasion. Taking advantage by following the law closely is legal - avoidance.
And what do you mean by "loophole"? I know what the word means, but what do *you* mean by it?
|