How Would Debt Be Treated?
Net means debts come off, so borrow against what you own and hand in a smaller balance sheet. The regimes that tax a net base answered that in statute: a debt is a deduction only if the rules say so.
Would the Administrative Cost Exceed the Revenue?
France's tax authority spent close to 103 million euros running its wealth tax in 2016. Norway, Spain and Switzerland could give the Wealth Tax Commission no comparable figure at all.
How Do You Value a Private Company?
Unlisted businesses have no market price, which is said to put them beyond a wealth tax. Spain, Norway and Switzerland each already put a number on them, and each pays a different price for doing so.
