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anaisbettstoday at 4:13 PM2 repliesview on HN

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.


Replies

lazyasciiarttoday at 5:29 PM

Yes - the value of your company is the gain. It is the money you would have if you sold the whole thing.

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dgellowtoday at 5:16 PM

Sounds indeed pretty terrible…