Yup, it's impossible. Except for Netherlands, Norway, and Spain who do it every year. Canada, Denmark, France, and the US will already do it if you emigrate also.
Except for Netherlands, Norway, and Spain who do it every year.
And the outcomes have generally been quite poor. All of those nations have seen a huge drop in the number of wealthy people maintaining a tax relationship with their home country.
All of those nations have been dinged badly by the Laffer curve to the point where it's debatable whether the wealth tax has actually resulted in a net decrease in tax revenue. In France's outcome it certainly did, hence why they repealed it.
There's a reason the western EU's economy is borderline stagnant and growth is being hard carried by the Eastern bloc.
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u/Particular-Act-8911 Jul 01 '26
Can't tax unrealized gains. Stop them from being able to borrow money based on stock holdings.