4 ms·
Many privately-held companies sell stock, and their value can thus be calculated. For those that do no stock trades, a gross income tax would be a simple alter
by blacksqr 7y ago
Many privately-held companies sell stock, and their value can thus be calculated.
For those that do no stock trades, a gross income tax would be a simple alternative.
- organsnyder 7y agoSeems like a strategy could emerge to do private sales at well below estimated value, in order to game this system. You could make it illegal, but it would be incredibly hard to prove (and harder still to detect).
- blacksqr 7y agoSeems like such a strategy would already be illegal as a means of avoiding capital gains taxes. It would also have the side-effect of destroying the company's valuation and thus its credit rating.