IRS Pushes for New Reporting at Expense of Privacy

angelheaded writes "Brian Krebs from the Washington Post is reporting that the Bush administration is proposing a new tax collection program that would force credit card companies to report merchants' income to the Internal Revenue Service. The plan has come under fire from privacy groups, who say it will create another private sector database tied to Social Security numbers at a time when ID theft experts are urging companies to wean themselves from the use and collection of such information."

Comments

grow the fuck up already you commie bastard

[Hognoxious]

Corporations commit egregious tax and accounting fraud and little to nothing happens.

Indeed. And even though ultimately it's people who control corporations and people who take the profits from them, corporations are inherently evil. In other news, shareholders are all fat bald jews who wear top hats and smoke big cigars; they're never little old ladies or or the unit trust that's going to pay your retirement.