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It used to be that way where I live. Zero fees to register and maintain registration. What happened was the register became a target for money laundering shell
by thevagrant 5y ago
It used to be that way where I live. Zero fees to register and maintain registration. What happened was the register became a target for money laundering shell companies. Companies would be owned in complex layers by other shell companies (hundreds of layered companies to make investigating ownership too difficult).
The govt added registration fees and annual renewal to help resource the register to improve it's system and ensure that the database maintained its purpose.
Many argue for paying less taxes but we might want to look closely at where we live and consider whether our locality is truly well resourced in all walks of life. Has all infrastructure been built and maintained to perfection? If yes, then maybe it is worth arguing for reducing fees/taxes but I don't know that this utopia exists yet.