Ah, I didn’t initially catch that it applies to tax year 2026.
I did a little reading this morning on case law of retroactive taxes, and while I’m certain this would be litigated, not really sure where it would land. It might depend on the jurisdictions that hear the case. I’m not at all optimistic that they’ll collect what they think they will, but they have sure attempted to craft it to tax people before they can exit.
Ah, I didn’t initially catch that it applies to tax year 2026.
I did a little reading this morning on case law of retroactive taxes, and while I’m certain this would be litigated, not really sure where it would land. It might depend on the jurisdictions that hear the case. I’m not at all optimistic that they’ll collect what they think they will, but they have sure attempted to craft it to tax people before they can exit.