3 ms·
The issue is a very specific one in this case. Maybe not as much for the person mentioned first in the article, the problem is more easy to see for a bunch of t
by Tor3 2y ago
The issue is a very specific one in this case. Maybe not as much for the person mentioned first in the article, the problem is more easy to see for a bunch of the other emigrants (and is a continuing problem for the many more who can't or won't emigrate). The tax is a fortune tax, not an income tax, and those affected are often people who actually live off a "normal" (sometimes very high, but sometimes surprisingly standard) salary from their company. However, because the company has a certain (typically large) value, the owner gets taxed as if that were actual real money. The owner then has to either extract more money from the company in order to pay their personal tax (leaving little or nothing for investments), or even sell off stuff in order to pay. Obviously this is backfiring, and obviously the specific politicians who went for this are doubling down on it.