March 26th, 2012 by

Reshared post from +Ben Dalton

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China: Crowdsourced Tax Enforcement
Riddle me this: how does a government enforce tax collection in a cash-only society? Cash has the wonderful property of being anonymous, and therefore hard to track. As a result, cash businesses often under-report revenues, thereby dodging a portion of tax payments.
China is primarily a cash-driven economy; few local places will accept payment cards of any kind (event rent payments are made in cash — a big, fat stack of cash, as the largest bill in China has an equivalent value of about US$15…

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