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I think by "asset" OP actually means "real property", otherwise the subsequent statement of "if you own most of Mayfair, you can't just move your assets elsewhe
by gruez 1y ago
I think by "asset" OP actually means "real property", otherwise the subsequent statement of "if you own most of Mayfair, you can't just move your assets elsewhere - they are very clearly tied to the location" doesn't really make sense. You could easily move corporations around, for instance, so the statement is only really true when applied to real estate.
- bashtoni 1y agoThis isn't limited to property. Britain could just as easily tax profits on the sale of shares in British companies, regardless of the country of domicile of the company or individual that sold the shares. We don't need wealth taxes, we just need parity between tax on earned and unearned income.