Post
Topic
Board Economics
Re: Rules of Taxes
by
Dickiy
on 16/03/2023, 23:13:02 UTC
This will be my concern this time, whether all countries treat the same rules or not, I want to hear from all of you.
Income tax in my country in general will be very effective for employees of government agencies, offices and entrepreneurs. Let's say this, everyone earns whether it's from farming, freelancing, or any kind of work that isn't recorded at the tax office, if they don't report it to the tax authorities then they are exempt from tax. However, there is a provision that if someone has ever borrowed a large amount of money from a bank, even though the borrower was not notified by the taxpayer at first, in the end he was exposed to the taxpayer's accumulation of taxes over the years and he didn't know.

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.
Yes, that's quite strange, but it seems that every economic act in a profession has its own criteria so that it is considered not fulfilling the requirements to pay taxes.
It is a natural thing that taxation does not detect because maybe the name and status of the person who manages the big money is not on the tax list, just like in the past in my country when there was no taxation on crypto trading and as we know the exchange and its traders have a sizable circulation of money in the crypto market but not paying taxes. It could be like that.
Yes, be aware in the first case, because the person who borrowed the large amount of money did not carry out financial procedures such as paying taxes, because he did not know about it while the regulations seemed to already exist so he had to pay taxes.