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The two are strongly related. Large cash transfers are an indicator of some quid pro quo in the other direction. If it's a legitimate transaction, it can be rep
by barrkel 9y ago
The two are strongly related. Large cash transfers are an indicator of some quid pro quo in the other direction. If it's a legitimate transaction, it can be reported on. For one thing, that'll help ensure that the correct taxes get paid, whether now or in the future in an audit. Without reporting, it's deeply suspicious; the other half of the trade is probably illegitimate, or someone is evading tax, which is an attack on the state and its people.
- XorNot 9y agoThat wasn't my point - my point was that the policing issue (cash seizures with incentives because it goes to department revenue, and costly recovery measures for citizens) are a very different problem to the question of whether or not we should have the reporting standards we do - which we absolutely should, for the reasons you note.