Buried at the bottom of a Chicago Tribune article today about an honest tax collector’s results in the Philippines is the following:
Bureau of Internal Revenue Kim Henares cites informal intelligence from her mother, who hears from acquaintances that it now can cost 60 percent more to bribe an official for help in evading taxes as the government tightens its net.
“At some point, they will price themselves out of the market and it would be better for the taxpayer to just pay honestly,” Henares said. As “we keep on plugging all the leaks, then it will get harder and harder for people to cheat and for corruption to prosper.”
Another tax-related topic today, unrelated to the Philippines or bribery is that McHenry County’s property taxes are due today.
Unlike income taxes, real estate taxes are no problem to collect.
Maybe a problem to pay, but not to collect.
Collection is not a problem because of the draconian penalties for non-payment–one loses the property.