If we look at how certain other countries are trying to rob people off their money, Israel seems to be somewhat on the conservative side with 25%, which at the same time is the highest tax level. We've seen recently that Japan is going full nuts with 55%, which makes the top level tax rate of Israel look like a joke. If I look at the tax rates concerning capital gains in the countries around me, then the average percentage fluctuates between 20-25%. If you have to pay anything below 20%, consider yourself lucky.
Miners, if the implications remain, seem to be stuck with the worst of it, as they’re not only to pay capital gains but also VAT, which could boost their tax bill to some 42%.
And still, that is much lower than Japan's 55% rate. But then again, VAT is something miners would be subject to in other countries as well, which basically means that their tax rates will always exceed that of a regular person's capital gains. It aint easy operating a business with so many variables to keep focusing on, especially if you have farms in different countries.
