EU-funded report calls for wealth of super-rich to be taxed, not income
EU-funded report calls for wealth of super-rich to be taxed, not income
Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study
There is a discussion on Hacker News, but feel free to comment here as well.
You're viewing a single thread.
Spain already does that and it's enough to be regular rich - you get taxed on assets over 3 million euro.
I know this is super lazy but if possible can you explain how this works in a sentence or two? Let's say I have 5 million invested in stocks.
5-3=2 then whatever is the percentage. Let's say 1%. That's 20k. You do your annual tax report and it will conclude you need to send 20k€ to the tax office. This in addition to any taxes you owe due to your earnings.
Thank you. I have more questions now but I should probably just
googlewebsearch it at this point.