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> IMHO borrowing money against an asset should be realizing a gain and borrowing against foreign profits should be repatriating those profits. Why is this nece
by SilverElfin 11mo ago
> IMHO borrowing money against an asset should be realizing a gain and borrowing against foreign profits should be repatriating those profits.
Why is this necessary when the spending of the borrowed money is itself taxed?
- jmyeet 11mo agoYou only pay sales and consumption taxes when you spend borrowed money. You're not paying any income or capital gains taxes on it.