3 ms·

If what you say is true, this law makes no difference, so why bother critiquing it?

• nullc 6y ago
  The law likely will make little difference for its intended effect, but will create compliance costs. It will also needlessly lead to the disclosure of personal information from people doing nothing wrong, simply because using tax disregarded LLCs has become a widespread practice to patch around just about everything else constantly demanding your personal info and leaking it everywhere. By demanding the submission of this information, having harsh penalties for avoiding it, and providing apparently zero protection or consequences for disclosing it... that outcome is essentially guaranteed.
  • zepto 6y ago
    “become a widespread practice to patch around just about everything else constantly demanding your personal info and leaking it everywhere“ Is it? Can you give some examples of how this is used? I have never seen any reporting on this practice. What makes you think it is widespread?