Sw, a loophole is taking advantage of an opportunity that was not thought of whilst making something the law...making super contributions and minimising tax is legal, not a loophole
An example of a loophole is applying for a real estate licence in NSW which can be done by doing a 1 day course, then applying for mutual recognition in Victoria...to get a real estate agents licence in Vic you must have atleast 12 months experience under a licencee. This loophole will be gone once the real estate licensing becomes nationalised.
So you don't want to tax the rich, but if the poor pay tax, then the rich must pay their fair share...these thoughts of fantasy are well and good but not on a forum. Have you heard of the 80/20 rule?
