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im thinking if you dont own it then how does it equate to being yours, thus income? perhaps we should also be taxed on what we borrow
by rolph 5y ago
im thinking if you dont own it then how does it equate to being yours, thus income?
perhaps we should also be taxed on what we borrow
- bowmessage 5y agodon't give them any ideas!
- jimnotgym 5y agoTake a look at how IFRS defines income. Nothing about ownership "Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants." https://www.iasplus.com/en/standards/ifrs/ifrs15 https://www.iasplus.com/en/standards/ifrs/ifrs15
- rolph 5y agointeresting, the morning coffee/covfefe and doughnut pool can addup to quite a lot of monetary equivalent in a years time , especially if its a starbucks crowd
- blacksmith_tb 5y agoI guess I would have expected it to work more like capital gains, until you sell your stolen assets, their value seems unrealized (also hard for the IRS to track, unlike you depositing a wad of crumpled $20 bills into a bank account).