Shaanie
Joined 15 years ago
Joined 15 years ago
Second, what would the pricing be for the option?
If it's $10-20, that'd probably be fine, similar to what Amazon did for Kindle. But if it's more than that, then I bet the negative PR they would get for including the option outweighs the potential benefit to customers. "I would never buy an X, they're extremely greedy and want $50 just not to show ads. Crazy. I'll buy Y brand instead (which has ads but no 'corporate greed' option to not show them)".
It'sutterly insane to me that the step-up basis exists in the US, it's such an obvious loophole that can fairly easily be closed without many adverse effects.
In my country (Sweden) if you don't know the purchase price, you can use an approximate purchasing price (e.g. for equities you are allowed to assume that it was acquired for 20% of the current value, so you'd be taxed on 80%).