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Wonky Wednesday
The Remnant with Jonah Goldberg
Exploring a Controversial Taxation Case and Related Financial Concepts
The chapter dives into a case involving an Indian company selling farm implements to poor farmers, acquiring on-paper income they never intend to pay out as dividends. The US government taxes American shareholders based on this notional income even though it was never distributed. The discussion expands to include differences in corporate laws between the US and India, potential issues with taxing unrealized capital gains, and the taxation of corporate income before dividends are paid out.
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