With #Kamala wanting to introduce a 25% captial tax on unrealized gains (wtf?), a lot of wealth will move out of the US if she wins the election. #Norway, which is a tiny country compared to the US both in terms of population and total wealth, imposed a 1.1% wealth tax and which resulted in a lot of the richest billionaires and multi millionaires moving all their capital out of the country.
Discussion
Just need to maintain some places that refuse to get on board with global minimum tax mandates, and also don’t extradite to the US.
A lot of the Norwegians moved to Switzerland because of lower taxes. Not sure about the situation with US extradition from Switzerland though. I guess El Salvador is another option, at least currently. Then I'd guess the UAE would be another place to put your money? No expert, just my impression.
Both Switzerland and El Salvador have extradition treaties with the US. They used the extradition treaty with Portugal to arrest Roger Ver there on tax charges. Not sure if they used it to get the Samourai devs. Some countries that aren’t themselves tyrannies like Russia and China need to give the US the middle finger more often.
The globalists won't like that
Agreed