How a fully electronic payment system can aid tax-related legal compliance, transparency concerns and the general public

Tax avoidance may seem attractive to high-earners, but tax evasion is a problem for all. Imagine, for one moment, an individual earning millions of US dollars. That same individual may understate income to deceive and defraud officials, with the aim of paying less tax; also known as, tax evasion. There needs to be a systemContinue reading “How a fully electronic payment system can aid tax-related legal compliance, transparency concerns and the general public”