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RE: How Blockchain Can Make Governments And Taxes More Efficient And Transparent

in LeoFinance3 years ago

I don't know if it will really help that much because I think the issue has to deal with the laws and stuff related to taxes. There are so many loop holes and other things that I don't think most people will be able to understand what is happening even if it was transparent. So I think the first step is to definitely going to be revisiting those laws and making things written out in a easy to understand way.

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 3 years ago  Reveal Comment

While loop holes are nice, most people don't pay that much for accountants so it tends to be the rich who get to take advantage of this. You can definitely pay less but it might not make sense to someone with lower income to do so either.

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