• undergroundoverground@lemmy.world
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    15 days ago

    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.

    • ayyy@sh.itjust.works
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      15 days ago

      That can’t be true, I’ve been assured by Republicans that it’s literally impossible to implement that.