So, it's only natural that the Trump - GOP tax plan creates
new loopholes for real estate investors and makes the tax code more complicated.
Rockefeller expects state and local tax revenues to fluctuate over the coming quarters as a result of the tax bill, as high - income taxpayers look for
new loopholes in the law and adjust their behavior accordingly.
Bill Mahoney, research coordinator for the New York Public Interest Research Group, said that if New York's corporate contribution overall limit is lifted, «All corporations will now be treated as LLCs already are, creating a
massive new loophole in the state's already porous campaign finance system.»
All told, though, the plan is, like its House counterpart, a proposal to dramatically slash corporate tax rates, open up a
big new loophole for wealthy individuals, and pay for the cuts by dramatically expanding the national debt and ending a number of tax deductions that could leave a substantial share of middle - and upper - middle - class people paying more.
Despite these rule changes coming after the UNC conduct had occurred, the NCAA applied this
gaping new loophole to the UNC case and bemoaned the fact that it now had to find the university not guilty.
«Unfortunately the rhetoric about simplifying taxes wasn't matched in the reality of the chancellor's policies and there were too many fiddly little changes that will
create new loopholes and make tax harder to understand.
«It is unclear whether this decision will be applied to incorporated entities, but if future decisions decide this is the case, a
massive new loophole will be added to New York's election regulations,» said NYPIRG analyst Bill Mahoney.
But even if the court rules the tactic illegal, the companies might simply find
a new loophole.
But when federal regulators cracked down on the practice in 2005, the lenders had to find
a new loophole.
Banks will probably just search for
new loopholes, though.
The question was, how many would exploit
the new loophole and the answer appears to be a lot.
NYPIRG's Bill Mahoney says the Board even actively helped to create
new loopholes.
A new loophole found by one user has granted their account with free PS Plus until 2035.