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Hacking the Tax Code

🗓️ 10 Feb 2023 11:37:24Reported by Bruce SchneierType 
schneier
 schneier
🔗 www.schneier.com👁 13 Views

The tax code, akin to computer code, has bugs and vulnerabilities that can be exploited. It consists of complex algorithms impacted by laws, judicial decisions, and human oversight. Vulnerabilities resulted in companies sidestepping taxes using tactics like the "Double Irish with a Dutch Sandwich". Lobbyists influence the legislative process to benefit clients financially, creating tax breaks in the code. Unlike computer code, patching tax vulnerabilities is complex and requires IRS and judicial rulings, or may become a normal practice over time

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