Re: Still Going - IRS Still Using JFK-Era Computers

On 18 Aug 2024 03:45:42 GMT, rbowman wrote:

A contemporary article with a chilling vision of the future:
 
"Eventually, large corporations could also be plugged into the system.
Computers thousands of miles apart could talk taxes without any
numbskull human interference. Banks could be hooked in, too, reporting
who is getting interest payments. Real-estate and stock-market computers
might tattle on who is making money. Machines in charity organizations
could reveal amounts of donations. And hospital computers could report
on individual medical costs."

All routine nowadays. As is compliance with anti-money-laundering laws.
Which are governed by international agreements.

Also remember, the tax department (IRD or IRS or HMRC or SARS or whatever
it’s called in your country) is only concerned with collecting the proper
taxes. How you earn the money that incurs those taxes (even if through
illegal enterprises) is not its concern.