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68 sats \ 8 replies \ @Catcher 29 Aug \ on: Harris: the becoming of doom (Socialism) econ
Are there any other countries that have unrealised tax gains?
In Argentina we still have "potential gains tax", a tax to the gains the govt assumes, at his discretion, you will make the next year. It's dutifully charged the year prior, and that's it, no refund if you don't make it, go broke, or whatever.
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You don't want to know. I mean, really, it's no exaggeration, it defies imagination.
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As @drlh correctly pointed out, it's the reason we are so broke. Yet the problem is not taxes at the moment of investing, it's the least of your worries. Prior to Milei, capitalism was systematically criminalized. If you dared to invest and create jobs, better god had mercy of your soul.