alt Hacker News> IMHO borrowing money against an asset should be realizing a gain and borrowing against foreign profits should be repatriating those profits.
Why is this necessary when the spending of the borrowed money is itself taxed?
> IMHO borrowing money against an asset should be realizing a gain and borrowing against foreign profits should be repatriating those profits.
Why is this necessary when the spending of the borrowed money is itself taxed?
You only pay sales and consumption taxes when you spend borrowed money. You're not paying any income or capital gains taxes on it.