3 ms·
> Taiwan solved tax evasion No. Not even close. It maybe improved it. These surface level posts that people then run with and it spreads is no good. 1. Yes t
by re-thc 3mo ago
> Taiwan solved tax evasion
No. Not even close. It maybe improved it.
These surface level posts that people then run with and it spreads is no good.
1. Yes that transactions have to be recorded
2. No it can't tell what gets recorded
3. Ownership is still based on honesty
E.g. companies ask their staff for these invoice receipts or to quote the business tax id so they can report higher expenses that never occurred.
E.g. this did solve the anonymous case but if both buyer and seller agree you can issue a $1 invoice and then exchange $1000 in cash.
Not to say this isn't good but the idea it solved everything is just wrong.