This will force the sale of 36% of all imputed capital gains in order to pay. No capital market can withstand a 36% outflow of value without crashing the market. The liquidity does not exist.
“This will force the sale of 36% of all imputed capital gains in order to pay. No capital market can withstand a 36% outflow of value without crashing the market. The liquidity does not exist.”
Not 36% but all of it.
That 36% comes around next year, and the next.
But it looks like their Senate has not approved.
a forced sale at the same time by everyone in a country of enough financial assets to cover a 36% tax on all unrealized financial gains would instantly destroy the financial structures of a country, resulting in nothing but unrealized losses, so there would be no taxes gained from unrealized gains as there would be no gains. the only result would be unimaginable chaos resulting from the absence of functioning financial systems which would instantly destroy a functional country at every conceivable level.
Only a legislative body totally divorced from reality would ever attempt such a tax.