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by briandear 3373 days ago
There is no such thing as a loophole. The law is the law. Isn't every tax deduction really just a loophole? It's every company's fiduciary duty to minimize expenses using any legal means at their disposal. It's idiotic to criticize a company for using the law to their advantage. There is nothing stopping a competitor from doing the exact same thing. The law applies equally to everyone. It isn't Uber's fault taxi companies have structured their businesses the way they have.
4 comments

Yep, the law is the law. Which is why the government is changing the law instead of just complaining loudly.
>>There is no such thing as a loophole. The law is the law. Isn't every tax deduction really just a loophole?

No. A loophole is when a given law is exploited in a way that was not intended by the people who wrote it, usually by resorting to small technicalities in the law itself, or by referring to other, related laws.

In this particular case, a law that was intended to benefit small businesses is being exploited by a mega corp. Hence, loophole.

Isn't it technically incorrect it's their fiduciary duty to minimise expenses? As long as a company has a rationale for their decision (with negative PR from tax issues being a legitimate one), there's no onus on them to hunt loopholes out.
Uber had a special use case, which allowed them to claim certain tax benefits. These have now been adjusted in Canada.