21 sats \ 2 replies \ @nikotsla 27 Nov 2023 \ parent \ on: Stacker Saloon
It's incredibly how we went for accountant working for people that have a lot to account for, to accountant as a compliance mechanism to fear the state.
Old
- I want to account the amount of corn I have, I am a lazy person, could you do it for me?
New
- You need an external auditor to inform the state what you have and pay a tax.
If I forget about that, just ask how to legally avoid paying tax using bitcoin, I am pretty sure you will need a lawyer too.
You’re right. The meeting is mostly for business stuff, but still will talk personal finances.
Sadly, governments over-regulate and create countless rules and regulations that make the simple math or keeping up with the various schemes nigh on impossible for someone not focused on it full-time.
In the absence of that, we would require a fraction of the amount of legal & financial professionals. Innovation would boom and velocity of money would speed up.
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It's insane how "you" are responsible of inform about "your" movements to an external entity (state) and if you forget something it is going after you.
Could be much more easy to said to this external entity, "What do you know?" and then "Ok, I agree with that, here are my taxes", I can't believe how 100% of the responsibility of tax declaration is in our side.
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