Re:Bernie Sanders’s Tax Plan Would Test an Economic Hypothesis
by netcan on Tuesday February 09, 2016 @12:45PM
(#11067115)
Not easily. This is a problem everywhere.
Capital is just more mobile than labour income. To take a big example, someone can just pick up and move somewhere for 180 days of the year. For more realistic examples, they just put their assets in a foreign corporation. The loopholes are sometimes intentional. But more often, they are just there because money is global and tax law is local.
Capital is just more mobile than labour income. To take a big example, someone can just pick up and move somewhere for 180 days of the year. For more realistic examples, they just put their assets in a foreign corporation. The loopholes are sometimes intentional. But more often, they are just there because money is global and tax law is local.