"I'm pretty sure that there are loopholes to be exploited and that the contracts presented by UFC are scrutinised in fine detail by an in-house team of experts in this field. It's a little naive to think that this has simply been overlooked"
You'd be surprised... I'm not an attorney, but I have prevailed (in every instance), over many an attorney in countless legal controversies ranging from IRS tax issues to Fema damage claims, automobile insurance tort claims, holding state goverment to account, lemon law buybacks (against three attorneys in two new vehicle cases and I still won both), and lots more. Being an attorney does not mean you know everything about every law. Not even tax attorneys or tax prepairers, CPAs are fully knowledgeable on all tax law I have found. If I have a tax question, I will contact the IRS Office of Chief Council in Washington DC, not H&R block or a tax attorney or CPA, as the IRS is the entity with the power to impose taxes...The UFC may have a team of attorneys, but that doesn't mean they fully know the law as pertains to this employee vs contractor issue. In that regard it is you who are being naive that they have scriutinized this issue in fine detail sufficient to make a determination. The simple way to find out is to have fighters submit the SS-8 form and neither you nor I nor the UFC or fighters are authorized to make that determination. That is solely within the purview of the IRS (or the courts).
So are you effectively stating that, within US law, there is no such thing as a safely exploitable loophole?
Also, I said you were naive due to the detailing of your point. The rigidity of your point simply does not allow for the potential of loopholes or the obvious team at UFC who focus on these issues.
I am an astute individual who can easily dissect legal statement or description and fully understand the overriding premise. In context, the premise here is that you are quite a conceited person who, due to a handful of victories, fully believes that he/she can 'educate' the little brains on here.
So, what is your record (W? L? NC?) against attorneys.
Obviously you will have lost more against the knowledgeable attorneys who are conscientious enough to know the tax laws relating to their cases. All you've done is conducted a process of researching in detail where a law has been broken etc.
Does that mean you know everything about the tax laws? No.
What's to say that your almighty intellect hasn't identified a loophole that's been spotted and dotted by someone else?
Tax laws are never black and white, there is ambiguity from top to bottom, this allows for creative uses of the laws that bind.
I suggest you focus your time on Amazon, who employ people with the solitary tasks of identifying every single tax-related loophole for every single country in which they trade and to assist with the implementation of structures and processes that fully exploit the flexibility of every tax bubble without bursting it. I know that the UFC have a team with a similar objective and Amazon prove how to best apply a prodigious IQ.
