• Joe
    link
    fedilink
    13 days ago

    Estimate it. As I clearly said, it is mostly about increasing transparency, for a greater understanding and better policy tomorrow. Turn those that hide their wealth from the tax authorities into criminals, while making compliance easy and cheap/mostly free.

    Some countries now require you to pay a yearly future-tax-contribution on financial investments, which is then corrected at time of sale (eg. potential for a tax refund after selling a stock after it had a very bad year). Good or bad, I don’t know.

    • RickRussell_CA
      link
      English
      14 hours ago

      making compliance easy and cheap/mostly free

      I’m not sure that’s how taxes work, though.