Path: utzoo!censor!isgtec!robert From: robert@isgtec.UUCP (Robert Osborne) Newsgroups: can.general Subject: Re: TAX REVOLT NOW!! Summary: Tax Loopholes Closed! Keywords: GAR Message-ID: <117@isgtec.UUCP> Date: 15 Aug 89 22:54:35 GMT References: Reply-To: robert@isgtec.UUCP (Robert Osborne) Distribution: can Organization: I.S.G. Technologies, Toronto, Ontario Lines: 20 Hi Kim! >How about looking for tax shelters? That's a more direct solution. >No amount of bitching is going to change the government's greed. I'm not sure if this is what you meant by "tax shelter", but the most recent tax act contains a rule called GAR (General Anti-Avoidance Rule) which makes it illegal to seek out and take advantage of loop-holes in the tax act. (I'm not exactly sure of how this works, maybe David Sherman could say something on this). Sort of a law ordering adherance to "spirit of the law" as opposed to "letter of the law". This is great, now "ignorance of the law AND of the law as the Tax Department interprets it" is not a legal defence. Imagine the implications if this rule was extended to all laws, not just the TAX act. Rob. -- Robert A. Osborne ...uunet!mnetor!lsuc!isgtec!robert ...utzoo!lsuc!isgtec!robert ISG Technologies Inc. 3030 Orlando Dr. Mississauga. Ont. Can. L4V 1S8