In 2022 the U.S. Internal Revenue Service announced that online payment platforms must report all transactions made by individuals that are over $600. The rule would result in online sellers, resellers and gig workers having to report more earnings to the IRS. Under the previous law online platforms had to send reports to the IRS if a vendor earned more than $20,000 and had over 200 transactions. Proponents argue that the rule will force tax cheats to report income. Opponents argue that the rule unfairly targets small businesses and people who sell items on Ebay and AirBnb.
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Don't understand the question
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No. What right do they have to see all private transaction? AML is monitored at the bank level, this is just a violation of reasonable privacy. One more erosion of freedoms excused by fear-mongering of the morally corrupt.
Yes. All transactions at any price should carry tax just like transactions completed within New Zealand.
Is this for tax reasons? If you buy something online from overseas then you should not be taxed on it in this country.
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No, unless under exceptional circumstances.
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Yes, and all transactions should be reported to the IRS regardless of price
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the irs does not exist in new zealand cunt
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Goble by government alone with labour party and mmp is increase inc keeps
No, New Zealand should not be randomly passing data to the US tax agency.
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