pull down to refresh

Are there any other countries that have unrealised tax gains?
In Argentina we still have "potential gains tax", a tax to the gains the govt assumes, at his discretion, you will make the next year. It's dutifully charged the year prior, and that's it, no refund if you don't make it, go broke, or whatever.
reply
I would never invest in the environment like this, sounds terrible.
reply
41 sats \ 1 reply \ @drlh 29 Aug
Makes sense why Argentina is so broken. And I'm sure there's more absurd taxes.
reply
You don't want to know. I mean, really, it's no exaggeration, it defies imagination.
reply
As @drlh correctly pointed out, it's the reason we are so broke. Yet the problem is not taxes at the moment of investing, it's the least of your worries. Prior to Milei, capitalism was systematically criminalized. If you dared to invest and create jobs, better god had mercy of your soul.
reply
88 sats \ 1 reply \ @drlh 29 Aug
Some Atlas Shrugged vibes tbh. Too bad the only Galt's gulch is the bitcoin space...
reply
We came dangerously close to become distopia. With Milei, winds radically changed. Our teenagers saved us.
reply
At least not on the civilized world. But tjere is a lot of taxation of assets like real estate that reduces Your cap, too
reply