TL;DW: Had to do more about exit tax than wealth tax.

you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 3 months ago (7 children)

what of investors

Wealth taxes do not interact with investments.

They tax personal wealth, not profits.

Foreign investors who are not subject to your domestic wealth tax will invest in your country as long as it's profitable enough.
Domestic investors would be subject to a wealth tax regardless of where they invest and will also invest in your country as long as it's profitable enough.

  • source
  • parent
  • hideshow 7 child comments
  • [–] 1 point 3 months ago (6 children)

    Investments are personal wealth

  • source
  • parent
  • hideshow 6 child comments
  • [–] 1 point 3 months ago (5 children)

    The point was that it does not affect investment decisions

  • source
  • parent
  • hideshow 5 child comments
  • [–] 1 point 3 months ago (4 children)

    Ah, okay, I see what you mean. I suppose they might affect someone's decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.

    To be clear, I do broadly support wealth taxes, I just think they need to be implemented quite carefully to be effective.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 1 point 3 months ago (3 children)

    I suppose they might affect someone's decision to conduct their investments as a citizen of a country with wealth taxes, if they have the financial means to quickly become a citizen of another country.

    I honestly don’t understand what you mean by that.
    You don’t have to a citizen or resident of a country to invest there. Citizenship or residency has no influence on investment decisions beyond perhaps some sense of patriotism.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 3 months ago (2 children)

    But people with the means to do so can change their citizenship and residency from a country with wealth taxes to a country without them

  • source
  • parent
  • hideshow 2 child comments