News for hackers. Stuff that matters.

A comment on The Inheritance Tax Is Far Too Low. Parent comment

Re:The Inheritance Tax Is Far Too Low by m-ee on Wednesday June 24, 2020 @12:31PM (#23630083)
Wouldn’t they just do what a Apple did? Hold it offshore and wait for a conservative administration to declare a tax holiday that allows them to repatriate it at little to no cost.
[ Parent | on HN ]
Re:The Inheritance Tax Is Far Too Low by austincheney on Wednesday June 24, 2020 @01:04PM (#23630692)
How patient is the recipient? Either they are willing to wait, for possibly longer than their life, or they have to leave the US to access that money and not return to the US with that money.

If those are unacceptable and they have no wealth, because it’s locked up overseas, they could bring it all back for taxation minus 10 million.

[ Parent | on HN ]