Big Brother meets Big Data: Governments start scrutinizing credit card records

[HDSolar]

Not a big fan of NBC news but this is something I thought you all would enjoy taking a look at:

"The economy is so bad in Argentina that the government recently said it would start taxing overseas credit card purchases. It also demanded that banks report all credit card transactions -- foreign or domestic -- saying the data would be used to find tax cheats."

The whole article is at:

http://redtape.nbcnews.com/_news/2012/10/19/14541431-big-brother-meets-big-data-governments-start-scrutinizing-credit-card-records?lite&ocid=msnhp

[Polvos]

Thats a good idea, i really dont think its fair people can buy from amazon to skip paying tax.  In the short term you save a few bucks, but when everyone is doing it...your kids get a lower quality education, crime goes up, unemployment goes up

...and our loved politicians have less to steal   

[flatiron]

Thats a good idea, i really dont think its fair people can buy from amazon to skip paying tax.  In the short term you save a few bucks, but when everyone is doing it...your kids get a lower quality education, crime goes up, unemployment goes up

Is this guy serious?

[Arto]

Thats a good idea, i really dont think its fair people can buy from amazon to skip paying tax.  In the short term you save a few bucks, but when everyone is doing it...your kids get a lower quality education, crime goes up, unemployment goes up

Is this guy serious?

It's certainly a little hard to tell whether he's being sarcastic or not...

[BlackHeartFund]

You guys do realize that not everyone who uses bitcoin is a hardcore anti-tax nut right?

[niko]

You guys do realize that not everyone who uses bitcoin is a hardcore anti-tax nut right?

No, they don't realize it.

[DoomDumas]

Modern monetary mechanics = doom to fail, it's mathematical, logical.. approching failure, any govt/citizen are getting more and more in debt/poorer.. Govt are just trying everything imaginable to find more money.. but at the final, bankruptcy is innevitable !

it is included in the desing of how money work..