In the UK, once you take a loan against an unrealised gain, you just realised the gain. Otherwise, it would quite easily be used as a disguised remuneration package, specifically used to avoid tax. This is standard practice is countries who haven’t had their tax laws completely and utterly perverted by billionaires. Ours is “only” mostly.
And a tax on loans based on assets
In the UK, once you take a loan against an unrealised gain, you just realised the gain. Otherwise, it would quite easily be used as a disguised remuneration package, specifically used to avoid tax. This is standard practice is countries who haven’t had their tax laws completely and utterly perverted by billionaires. Ours is “only” mostly.
That can’t be true, I’ve been assured by Republicans that it’s literally impossible to implement that.