Re:Uber faces criminal probe over software used to evade aut...
by jeltz on Friday May 05, 2017 @07:00AM
(#14272508)
As a Swede I find using us as an example hilarious. We are not a country which has traditionally cared too much about money laundering, most of our anti-money laundering stuff comes from other EU countries via the EU. And we definitely definitely do not have any problems with the tax revenue, our socialist government might even lower corporate taxes next year due to the current stable government income.
As for eliminating cash, yes we try to do that, but the reason given is not money laundering. The two reason/excuses which are commonly given are 1) preventing tax evasion and 2) preventing store robberies. Also note that the ones most heavily pushing for elimination of cash is not our government but our banks. I think card payments are much more profitable for banks compared to cash. But it is not like our government makes a secret about that its regulations surrounding cash payments are there to prevent tax fraud.
And the worst country for when it comes to hunting taxes is probably the US. A couple of days ago I had to sign two forms when opening a bank account where I guaranteed that I had no ties to America. Many smaller European banks wont even accept American citizens as customers due to the extra paper work to report stuff to the American IRS.
As for eliminating cash, yes we try to do that, but the reason given is not money laundering. The two reason/excuses which are commonly given are 1) preventing tax evasion and 2) preventing store robberies. Also note that the ones most heavily pushing for elimination of cash is not our government but our banks. I think card payments are much more profitable for banks compared to cash. But it is not like our government makes a secret about that its regulations surrounding cash payments are there to prevent tax fraud.
And the worst country for when it comes to hunting taxes is probably the US. A couple of days ago I had to sign two forms when opening a bank account where I guaranteed that I had no ties to America. Many smaller European banks wont even accept American citizens as customers due to the extra paper work to report stuff to the American IRS.