Technically yes, but the problem is that they can afford to hold their investments in many small companies so they won’t even have to pay that much tax.
Just adding government oversight for this idea is going to be a costly nightmare.
Maybe the value of real estate held by corporations is assigned proportionally to the shareholders? Maybe the tax rate is determined by whichever entity has the largest accumulation. I don’t see why it needs to be particularly complicated, can certainly make it enforceable and effective with less complexity than the current tax system.
boonhet@lemm.ee 1 month ago
Now you pay the ridiculous rent because blackstone just buys up entire neighborhoods already, might as well buy up entire towns.
SoulWager@lemmy.ml 1 month ago
Why? You can just force them to sell you a property and pay less on the mortgage than they pay on the same property on taxes.
boonhet@lemm.ee 1 month ago
Technically yes, but the problem is that they can afford to hold their investments in many small companies so they won’t even have to pay that much tax.
Just adding government oversight for this idea is going to be a costly nightmare.
SoulWager@lemmy.ml 1 month ago
Maybe the value of real estate held by corporations is assigned proportionally to the shareholders? Maybe the tax rate is determined by whichever entity has the largest accumulation. I don’t see why it needs to be particularly complicated, can certainly make it enforceable and effective with less complexity than the current tax system.