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It provides transparency and auditability, just like how nearly all court records are public. There are many retail businesses I worked with in the past that we
by StudentStuff 9y ago
It provides transparency and auditability, just like how nearly all court records are public. There are many retail businesses I worked with in the past that were tax cheats, gave up reporting 'em since I couldn't consistently tell what they did and did not report. Sometimes sales tax from the 6th register (which was on a separate database) would be reported, other times not. I know they're still pocketing $5k to $10k a month in sales tax at one business.
- hueving 9y agoWe're talking about personal tax records. I don't see how personal tax records being transparent provides any upside. It only paints a target on your back for criminals.
- mieseratte 9y agoHow about this one, when I joined a startup the founder had made certain claims and impressions about who he was, the funding he was putting in, etc. As it turns out this man was a liar, confidence man, and tax cheat. Had there been open tax records, I could have (in)validated some of his claims and saved myself severals years of struggle and many thousands in subsequent debt. It's not just for criminals to leverage. It's for the common man to use to reduce information asymmetry and, this one might be a bit dystopian, but help self-police that everyone pays their share.