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So, how will they know "if" I'm keeping some of my income undeclared? Remember - this is the DECLARED income that is public.
by ersii 10y ago
So, how will they know "if" I'm keeping some of my income undeclared? Remember - this is the DECLARED income that is public.
- kalleboo 10y agoSnitches. "Oh, he bought a new car? But he only makes XXX a year... I'm gonna report him!"
- igk 10y agoYes, how devious. Reporting potential crimes
- charlesdm 10y agoI can't believe this actually works. In Belgium we have a hotline, and the amount of "snitching" that happens increases YoY. I.e. some guy reports that his neighbour bought a new expensive BMW or Porsche. So they look into it.. and in 99.99% of the cases realise nothing is wrong. Envy is a sad beast.. Just because someone lives a normal life doesn't mean he's not wealthy. I could be living in a normal street/house, making a normal wage, and making €100,000 a year from investment gains. So what? Get over it.
- patmcc 10y agoIf you have a porsche but only make $15k a year (or whatever), that's a good indication you're not declaring everything.
- charlesdm 10y agoYou could have inherited $1m five years ago, though.
- Zitrax 10y agoThe data in Norway does not only include your income but also your fortune.
- charlesdm 10y agoEven worse!
- manarth 10y agoHow is that calculated? Cash in an account is fairly easy…but stocks and shares? Property assets? Cars/boats/aircraft? Furniture? Art? Intangible assets such as patents or licences?
- charlesdm 10y agoYou would probably have to self assess. Fortune and wealth taxes tend to cost more to collect than they bring in, because it's extremely hard and labour intensive to verify the submitted data. Aside from being an "equality tax" (which policy makers in a country might think is a good thing), it has very little use.