TL;DW: Had to do more about exit tax than wealth tax.

  • geissi@feddit.orgEnglish
    4·
    2 days ago

    Companies could be moved pretty quickly, and once you move the company headquarter, most of the job is done

    Wealth taxed are usually tied to the residence or citizenship of the owner, not where a company is headquartered.
    Typically, companies move their headquarters to tax havens to avoid business taxes, not wealth taxes.

    • gian @lemmy.grys.itEnglish
      1·
      2 days ago

      Wealth taxed are usually tied to the residence or citizenship of the owner, not where a company is headquartered.

      True. But there are 2 things to consider:

      • residence and citizenship are not hard to change
      • often what is view as personal wealth is nothing more than a bank loan guaranteed by the share in the company/companies, so basically the wealth is debt.