Did you manage to not get hit too hard financially by the pandemic, and/or still have some money saved? Move it to an offshore account now. because Trudeau and Freeland are coming for it. Arbitrary wealth appropriation is coming. - OmegaCanada

Did you manage to not get hit too hard financially by the pandemic, and/or still have some money saved? Move it to an offshore account now. because Trudeau and Freeland are coming for it. Arbitrary wealth appropriation is coming. (twitter.com)

posted 3 years ago by Ham_Sandwich77 3 years ago by Ham_Sandwich77 +46 / -0

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– RightOfSask 7 points 3 years ago +7 / -0

So basically this will come to Canada:

https://www.bbc.com/news/world-latin-america-55199058

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– beerandoil 5 points 3 years ago +5 / -0

Suddenly all the rich cash out and move to the Bahamas

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– RightOfSask 3 points 3 years ago +3 / -0

Doesn't matter. Argentina's plan is also to tax your assets overseas.

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– deleted 2 points 3 years ago +2 / -0

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– RightOfSask 1 point 3 years ago +1 / -0

Argentina can't enforce tax laws on people living and earning in a different country.

The US does the same. If you're a US citizen and you live and work in a different country than the US, the US IRS will still tax your income (if you make above a certain amount, $150k or something).

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-about-international-individual-tax-matters

Furthermore, these rich people that are now taxed have probably businesses in Argentina. Not as easy to move these.

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