3 ms·
I agree with a lot of that but regarding (3), there's already an exit tax, which is the same as the capital gains tax if you sold everything. This is less of a
by DennisP 5y ago
I agree with a lot of that but regarding (3), there's already an exit tax, which is the same as the capital gains tax if you sold everything.
This is less of an issue for those who inherited wealth, since a lot of it might already be in offshore trusts. Company founders don't have an easy out.
- rsj_hn 5y agoThat's a valid point. Short term, you'll soak some founders, but future founders can set up the offshore trust, or just start their business elsewhere.