The fact that capital gains taxes exist in the first place is an abomination. They’re essentially a savings tax that punishes people who allocated their money wisely with an onerous and material clip that is handed over to the taxman. A taxman that is taking that money and literally enabling fraud on a scale that would make Bernie Madoff blush.
Discussion
Yeah not to mention the fact that you bought the asset with income that was already taxed at source. Fucking ludicrous.
Legalised theft is what it is at this point because this utterly nuts!
And if you play this to its conclusion, if one doesn’t file or refuses to pay, they just garnishee your wage at source for the balance plus a fine. We are reaching a point where a mass work stoppage would go a long way. Try re-shoring manufacturing when everybody stops working for three months.
This actually needs to become everybody’s line in the sand.