Re:US passes anti-corruption law that effectively bans anony...
by zepto on Saturday January 02, 2021 @09:31PM
(#25618797)
If what you say is true, this law makes no difference, so why bother critiquing it?
Re:US passes anti-corruption law that effectively bans anony...
by nullc on Sunday January 03, 2021 @01:36AM
(#25620016)
The law likely will make little difference for its intended effect, but will create compliance costs.
It will also needlessly lead to the disclosure of personal information from people doing nothing wrong, simply because using tax disregarded LLCs has become a widespread practice to patch around just about everything else constantly demanding your personal info and leaking it everywhere.
By demanding the submission of this information, having harsh penalties for avoiding it, and providing apparently zero protection or consequences for disclosing it... that outcome is essentially guaranteed.
Re:US passes anti-corruption law that effectively bans anony...
by zepto on Sunday January 03, 2021 @11:03AM
(#25622497)
“become a widespread practice to patch around just about everything else constantly demanding your personal info and leaking it everywhere“
Is it? Can you give some examples of how this is used?
I have never seen any reporting on this practice. What makes you think it is widespread?
There is no if. Everybody is committing a crime all the time. There are laws that prohibit doing things that other laws mandate. There are more pages of laws on the books than anyone could read in a lifetime, so there is no feasible way to know that a given action isn't illegal.
Businesses are engaged in risk management. They try to avoid knowingly breaking the law. Making that process consume more resources, increases compliance costs.