Phantom Tax: Difference between revisions
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(Created page with "== Canada == * “Departure Tax”: “When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a deemed disposition and you may have to report a capital gain (also known as departure tax).” [https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-cana...") |
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When taxing what exists is not enough for the greedy thieves, let’s tax what doesn’t even exist, too! | |||
= Examples = | |||
* “Phantom income” taxation: [[Wikipedia: Phantom stock]] | |||
== Canada == | == Canada == | ||
* “Departure Tax”: “When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a deemed disposition and you may have to report a capital gain (also known as departure tax).” [https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/leaving-canada-emigrants.html#toc6] | * “Departure Tax”: “When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a deemed disposition and you may have to report a capital gain (also known as departure tax).” [https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/leaving-canada-emigrants.html#toc6] | ||
= See also | == Europe == | ||
* “Inputed rent” taxation: [[Wikipedia: Imputed rent]] | |||
= See also = | |||
* [[Reichfluchtsteuer]] | * [[Reichfluchtsteuer]] | ||
Latest revision as of 20:57, 10 May 2024
When taxing what exists is not enough for the greedy thieves, let’s tax what doesn’t even exist, too!
Examples
- “Phantom income” taxation: Wikipedia: Phantom stock
Canada
- “Departure Tax”: “When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a deemed disposition and you may have to report a capital gain (also known as departure tax).” [1]
Europe
- “Inputed rent” taxation: Wikipedia: Imputed rent
