British Tax System Uses Web Robots To Find Cheats 190
judgecorp writes "HM Revenue & Customs (HMRC) is extending its campaign against tax cheats with the news that it will use web robots to trawl cyberspace. The system will check eBay and Google to identify traders who aren't declaring all their earnings. From the article: 'The decision to target cyberspace to hunt down those evading tax comes as HMRC continues its campaign to recover around £7 billion lost to the Treasury each year. It is thought that this latest development, the use of ‘web robots’, will help HMRC track down rogue eBay and Gumtree businesses, as well as people earning second incomes by acting as private tutors. It will also help it hunt down so called cash-in-hand handymen and traders.'"
Re:I like how they think people actually owe them (Score:2, Interesting)
...I thought that was pretty much the job description of a government?
Re:"Cheating the Government" (Score:4, Interesting)
actually, i think it's targeting businesses who trade solely within the UK and are not paying their taxes because they use the internet to remove the paper trail.
in which case, i say go for it, UK govt. just don't think it entitles you to collect tax on transactions with an overseas component, or individuals who trade online casually. apply the same controls and exemptions that are applied with irl trading.
Re:I like how they think people actually owe them (Score:5, Interesting)
From what I know, the cost of servicing the US debts has long since exceeded the amount garnered from taxing the income of its citizens, and its only getting worse.
Wrong. Total revenues for fiscal 2012 are of the order of $2.6 trillion, total budgeted expenditure is $3.7 trillion, leaving a deficit of $1.1 trillion (figures from Wikipedia [wikipedia.org]). Interest on debt for 2012 is budgeted at $474 billion. It's a sad fact to be spending close to a fifth of income on interest repayments, but then I can imagine there's more than a few families out there shelling out a lot more on repayments for mortgages.
Re:I like how they think people actually owe them (Score:5, Interesting)
So let me get this straight. The statement you are contesting says "the USA has had a deficit for almost every year of its existence." Your reference to "misleading" aside, you say the statement is "completely" false. Well, it is false for any reasonable definition of "almost every", but suppose it had said "a majority of the years" instead of "almost every year." Then it would be true, wouldn't it? And it would certainly be true for "almost every" when restricted to the range from 1960 through 2011, with covers the entire lifetimes of a majority of slashdot readers. Anyway, the simple fact is that, while significant deficits have been run in the past to cover the War of 1812, Civil War, WW I, Great Depression, and WW II, since 1970 we have had a huge run of deficits incurred without any such excuse, simply to cover normal operations.
As for the rest, let's leave tweedledee Democrat and tweedledum Republican out of it, shall we? Both have been approximately equally destructive and craven in the way they will not face reality.
There is no need to be vague or uncertain with the facts; the information is readily available right here [usgovernmentspending.com]. Here's the summary one can make of that data:
Longest run of DEFICIT years: 28 (1970-1997), integrating to 81.91% GDP
Longest run of surplus years: 18 (1875-1892), integrating to 72.30% GDP
Do you see a trend in terms of timeline?
First year of DEFICIT >10% GDP when not fully mobilized for an existential war: 2009. Didn't happen in the Great Depression, or at any other time since the founding of the Republic. We're going to duplicate that feat again this very year.
Integrated value of (DEFICITS as %GDP) since the founding: 301.69
Integrated value of (surpluses as %GDP) since the founding : 40.52
Years of DEFICIT since the founding: 117
Years of surplus since the founding: 104
Years of DEFICIT since 1960: 46
Years of surplus since 1960: 6 (SIX) (1 Bush 2, 3 Clinton, 1 Nixon, 1 Eisenhower)
Decades of net DEFICIT since the founding: 13
Decades of net surplus since the founding: 8
Decades of net DEFICIT since 1960: ALL OF THEM!!!
Decades of >10% integrated value of (DEFICIT as %GDP): 8
Decades of >10% integrated value of (surplus as %GDP): 0 (ZERO)
In the following tables all DEFICIT values are expressed as positive numbers and surpluses as negative numbers.
NOTE: I couldn't include the tables because slashdot has a STUPID AS SHIT lameass lines-too-short filter. I'll see if there's some way to put them in my profile.
Re:I like how they think people actually owe them (Score:3, Interesting)