Re:FBI is hiding details about a raid on Americans’ safe dep...
by ClumsyPilot on Friday July 29, 2022 @08:28AM
(#32276043)
> it'd be OK to check that the $10,000,000 dollar bank account owner did pay taxes on it.
Scenario:
John Doe has 10 million dollars appear in his bank account. No evidence that it was obtained legally and no evidence that any taxes were ever paid.
Option IRS/Alcapone - he goes to jail for Tax evasion
Option 'Unexplained Wealth Order' - UK government seizes assets because they should it could not be obtained legally. He is still free and out and about
If anything the option you are advocating is "worse" as in it is harsher.
Scenario:
John Doe has 10 million dollars appear in his bank account. No evidence that it was obtained legally and no evidence that any taxes were ever paid.
Option IRS/Alcapone - he goes to jail for Tax evasion
Option 'Unexplained Wealth Order' - UK government seizes assets because they should it could not be obtained legally. He is still free and out and about
If anything the option you are advocating is "worse" as in it is harsher.