4 ms·
A payment system that's not driven by a unicorn , is "libre", cannot be used by criminals because business payments are visible while customers are anonymous, a
by brabel 5y ago
A payment system that's not driven by a unicorn , is "libre", cannot be used by criminals because business payments are visible while customers are anonymous, and helps combat tax avoidance?!
Nah, will never fly.
- eurasiantiger 5y agoWill never fly because corporations will not adopt something that helps them pay more taxes.
- lxgr 5y agoCorporations don‘t evade taxes by hiding consumer payment transactions.
- eurasiantiger 5y agoThat’s certainly true. However, making up transactions is almost core to money laundering, and laundromats don’t like to pay taxes for obvious reasons.
- sdze 5y agoSo corporations won't adopt double-entry accounting then? ;) Corporations have ways to move money around legally. There is a regulatory gap... They do not need to hide money illegally.