| ▲ | earcar 6 hours ago |
| That is refreshing to hear. Unfortunately I can't get out because of exit tax, an unrealized capital gains tax for the privilege of leaving the country. That is way worse than what I mention in this post and will get its own post soon. |
|
| ▲ | tene80i 5 hours ago | parent | next [-] |
| You phrase this as if it’s absurd. Why should it be possible to offshore your future capital gains without paying an exit tax? You live in a country with a tax system that assumes people pay into it. |
| |
| ▲ | bloppe 5 hours ago | parent | next [-] | | Unrealized capital gains taxes generally are a bit absurd, but I can see how the state would feel forced to do it if you're leaving. Seems like there should be some way to get a registered agent or something to keep the old company legally "in Germany" while you leave, but idk | | | |
| ▲ | DANmode 5 hours ago | parent | prev [-] | | Why should it be possible to keep this person from buying food and housing with their labor? The whole premise is nonsense to begin with. | | |
| ▲ | lazyasciiart an hour ago | parent | next [-] | | If that’s what they wanted to do, they would have to realize those gains. The state is doing the opposite of preventing this. | | |
| ▲ | DANmode an hour ago | parent [-] | | Are we reading the same story? How do you realize anything without being able to send an invoice and collect? |
| |
| ▲ | WarmWash 5 hours ago | parent | prev | next [-] | | Your question is more well formed if you challenge the premise that the tax you owe should scale linearly with the value of your assets. Obviously a business benefits from things the state provides, and the business should pay it's share to cover those costs. Maybe, honestly, even a little extra. The challenge is if someone makes a software company, and a team of 20 workers on computers create a €10B business, does the state have a fair claim to €5B of it when the company at most with the most generous possible estimate (and then double it for good measure) used €50M of state services? | | |
| ▲ | dns_snek 4 hours ago | parent [-] | | > does the state have a fair claim to €5B of it when the company at most with the most generous possible estimate (and then double it for good measure) used €50M of state services? Yes, it does. Quite simply because that's the law, and it's morally right (in principle) because if your business fails then you don't get a bill for 50 million. If "winners" only paid their exact share then these services wouldn't exist. | | |
| ▲ | WarmWash 3 hours ago | parent [-] | | I explicitly stated (twice) they would (and should) pay more then their exact share. The real cost would likely be in the neighborhood of $500k too (20 SWEs traveling to work doesn't incur much cost, plus the 21/population cost of mainstay services (police, fire, government misc/infra)), never mind the workers are paying taxes on their income too. So $50m would cover their true societal cost (I'll multiply it by 10 for you, call it $5m) 10x over. Its extremely difficult to build a clearly logical structure where a company that made a wildly successful product needs to hand half the value to the government. It's very easy to do if we hand wave with ambiguous terms like "right thing to do" and "morally obligated". |
|
| |
| ▲ | munk-a 5 hours ago | parent | prev [-] | | The premise of taxes? |
|
|
|
| ▲ | ccozan 27 minutes ago | parent | prev | next [-] |
| That is nothing: wait until you want to _close_ a company in Germany :) |
|
| ▲ | ExpertAdvisor01 5 hours ago | parent | prev | next [-] |
| You can delay it until the disposal of your shares , if you move within the Eu |
|
| ▲ | 5 hours ago | parent | prev | next [-] |
| [deleted] |
|
| ▲ | dgellow 3 hours ago | parent | prev [-] |
| Is it different from the tax you would face if you just realize your gains? |
| |
| ▲ | anaisbetts 3 hours ago | parent | next [-] | | The exit tax doesn't apply to "gains", it applies to the "value of your company" which is calculated in a way that often means you will owe thousands or even millions in money you don't have, and at no time had. | | |
| ▲ | lazyasciiart an hour ago | parent | next [-] | | Yes - the value of your company is the gain. It is the money you would have if you sold the whole thing. | | |
| ▲ | procaryote an hour ago | parent [-] | | It's only a gain if you sell. Selling a company and paying tax on the profit in tax is a completely different proposition from paying tax on hypothetical profit you haven't made (and might never make) just because you want to move. |
| |
| ▲ | dgellow 2 hours ago | parent | prev [-] | | Sounds indeed pretty terrible… |
| |
| ▲ | jandrewrogers an hour ago | parent | prev [-] | | Most unrealized gains are a notional value, the realizable gains are often much smaller. The act of realization can cause a crash in value. |
|
