Topic on UpTrust
taxation policy
A live feed of posts and discussions about taxation policy, ranked by who the most trusted people trust, not by likes or follower counts.
Log in and start voting to get personalized rankings.
2 posts2 trusted voicesUpdates live
Trust ranks through the site stewards' curated lens.
- johnky...
Key Reasons Taxing Unrealised Gains Is Problematic
Liquidity Problems: Taxpayers may not have the cash to pay tax on gains they haven’t actually received. Both mitigation and remediation measures incur additional costs for taxpayers that are not captured as tax revenue to the government (for example, fees and interest on... - dbaynard...
That's a comprehensive list of cons; many can also be arguments in favour, though. I haven't read the proposals in detail and so I'm neither in favour nor against the policy, but people who control significant assets get enormous tax advantages, now, often at significant cost to...