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I've always vaguely wondered how the US knows who to tax, if they have no complete, trustworthy register of who the citizens are and where they live. It presuma
by hyperman1 2y ago
I've always vaguely wondered how the US knows who to tax, if they have no complete, trustworthy register of who the citizens are and where they live. It presumably works, I just don't understand how.
- pjc50 2y agoThey rely on a number of inefficient proxy systems, like the UK: making employers keep track of the tax of employees, and making all the banks report "suspicious" transactions. The US even tries to make its overseas nationals pay tax. As a result, everyone everywhere in the world who wants to get paid by Amazon has to sign a US tax form saying they're not a US taxpayer.
- htrp 2y agohttps://corporatefinanceinstitute.com/resources/accounting/voluntary-compliance/ https://corporatefinanceinstitute.com/resources/accounting/v... The answer is goodwill and doing the right thing.