Disclosure for tax purposes
Revision as of 20:28, 5 March 2007 by Patrickdenoudsten (talk | contribs)
Description:
Almost every local economic system requires its citizens to pay taxes. Also companies have to pay taxes, as they are separate legal entities. To be able to record, properly charge, and demand taxes where needed, information needs to be collected from the tax payers. The tax payers need to disclose quite a substantial amount of personal finance information for the tax system to function properly. The tax organizations need to know when taxes are due and by whom. In order to prevent fraud, again, personal data is needed. Not only personal finance data is collected, but also the address, name, family size, marital status, age, and other personal information is collected.
Enablers:
- Tax law
- Social organization/benefits
- Data_Warehousing
Inhibitors:
- New government regulation
- Progression of fraudulent tax activities
- Identity theft
- Administration ruling (e.g. having to keep records for 7 years for tax purposes)