3 ms·

Well there is one bit about a tax on a one-time transfer of wealth out of the country, and (correct me if I'm wrong here) the value of the transfer seemed to be

• verdverm 3y ago
  From my reading, there is a bit more nuance here. 1. The "investor" was actively involved in the company for some time, so there is an argument that the profits of the company can pass through as personal income, like a LLC or S-corp. The short-term loans (60 days) at high interest rates (12%) that just sat in a bank is definitely sus. 2. The trump tax cuts had a provision to bring these profits home. Previously, if you received profits off-shore, and kept them off-shore, you would not be taxed until you reshored them. The main target here in was the bigger corps, who, according to NPR, have complied