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Non-avoidable seems very hard to do to me. Within the law, there only has to be one loophole per generation. Existing structures (I have no knowledge of this s
by FLUX-YOU 11y ago
Non-avoidable seems very hard to do to me.
Within the law, there only has to be one loophole per generation. Existing structures (I have no knowledge of this stuff) may hide the transfer of inheritance. It's really hard to look at every transaction and verify that it's not inheritance.
That money can always leave for a different set of laws, so it might be convenient to go die in a different country. Crypto currencies would make it hard to identify any money coming back in as inheritance. Or people just simply leave the country and refuse to pay. How would we convince every country on the planet to enforce this tax?
It may not even be permanent. These are long time lines so it's possible the tax will be there for one presidential cycle and gone the next. People with large amounts of inheritance can afford to wait.
- tomp 11y ago> How would we convince every country on the planet to enforce this tax? A simpler solution would be to prevent wealth being "exported" to countries that don't have the same tax regime (or alternatively, tax the wealth when it's being exported). What's happening right now with various tax havens/bank secrecy havens (Cayman Islands, various British isles, Switzerland) is ridiculous (from the point of view of the public; if makes perfect sense for the ruling elite, of course).