Yeah. It makes sense to some extent because those laws are regulating highly technical fields where legal certainty about details is important. We all benefit when public companies have that certainty.
But so much of the complexity is from politicians abusing the tax code to support their pet social projects, to benefit some company in their constituency, to protect some industry from competition, etc. Then they have to make it even more complex and technical to undo the unintended negative effects of their original abuses. Everyone involved should really be ashamed.
But so much of the complexity is from politicians abusing the tax code to support their pet social projects, to benefit some company in their constituency, to protect some industry from competition, etc. Then they have to make it even more complex and technical to undo the unintended negative effects of their original abuses. Everyone involved should really be ashamed.