3 ms·
Capital gains is far less gameable because there isn’t a mechanism to move your capital gains to a different tax region as an individual. Corporations may be ab
by TimPC 5y ago
Capital gains is far less gameable because there isn’t a mechanism to move your capital gains to a different tax region as an individual. Corporations may be able to game capital gains slightly when they hold shares in other corporations but that is very minor compared to corporate tax games that go on now.
- dalbasal 5y agoIt is, but it's also more politically explosive. The upshot is that CGT loopholes are extremely prevalent. Both succeed/fail in the same way, marking to market. Apple Inc, the publicly traded entity, is able to deny its income for tax purposes (they say they paid this money to an irish subsidiary), while claiming it on behalf of their shareholders. The CGT version of this is unrealised gains.