Foreign investors who are not subject to your domestic wealth tax will invest in your country as long as it’s profitable enough.
Domestic investors would be subject to a wealth tax regardless of where they invest and will also invest in your country as long as it’s profitable enough.
Ah, okay, I see what you mean. I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
To be clear, I do broadly support wealth taxes, I just think they need to be implemented quite carefully to be effective.
I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
I honestly don’t understand what you mean by that.
You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.
Wealth taxes do not interact with investments.
They tax personal wealth, not profits.
Foreign investors who are not subject to your domestic wealth tax will invest in your country as long as it’s profitable enough.
Domestic investors would be subject to a wealth tax regardless of where they invest and will also invest in your country as long as it’s profitable enough.
Investments are personal wealth
The point was that it does not affect investment decisions
Ah, okay, I see what you mean. I suppose they might affect someone’s decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.
To be clear, I do broadly support wealth taxes, I just think they need to be implemented quite carefully to be effective.
I honestly don’t understand what you mean by that.
You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.
But people with the means to do so can change their citizenship and residency from a country with wealth taxes to a country without them
Yes, and I still don’t see how this is supposed to affect where they invest their money.
It won’t. But it will reduce the effectiveness of the wealth tax.