You know what, I’ve thought about it some more and you have a point. Securities valuation could be averaged out over a period of time and then treated as cash reserves for taxation purposes. That’s actually not as difficult as I thought it might be. Minor additional burden on investment firms.
Yearly would be fine, but it could be done quarterly to. The capital gains tax on stock profits is already done quarterly.
You know what, I’ve thought about it some more and you have a point. Securities valuation could be averaged out over a period of time and then treated as cash reserves for taxation purposes. That’s actually not as difficult as I thought it might be. Minor additional burden on investment firms.