Yes, I consider tax loop-holes by Corporations to be a bad thing.
If they collect money from the consumer (added to cover tax), then they SHOULD pay the tax to the government, not pocket it.
In effect, we have corporations taxing us on consumer items, and government taxing us on income.
Yes, I consider it a bad thing that corporations are allowed to include ENTERTAINMENT (such as big-ticket sports events) as an expense item against their bottom line.
And why no mention or consideration of the amount of business that is derived from these entertainment events, increasing the companies revenue, increasing employment and money available for salaries, benefits, R&D, marketing, expansion of goods and services provided, etc...
Like I said above about my department where I work. We spent in excess of $100,000 on Hurricanes hockey games to "entertain" clients and potential clients. We get more bang for that buck than our marketing department ever would. That investment generated millions in new business for us during the season.
Taking a prospect to a game with his wife and kid and getting the kid on the jubmo tron is something they won't soon forget.
One that sticks out in my mind from this past season was a person I was going after and I learned she and her husband moved here from Montreal. So I took her and her husband to see the Canadians play the Hurricanes. Who do you think got their business?