subject: Canadian Revenue Agency - How to Turn in an Online Business Who Cheats on Taxes [print this page] Canadian Revenue Agency - How to Turn in an Online Business Who Cheats on Taxes
There are over 100,000 estimated online businesses in Canada, but the percentage that claim the revenue on their taxes isn't anywhere close to that number. There are all sorts of businesses folks in Canada operate for instance, they may run a service business; such as online coaching, Tarot Card readings, spiritual awakenings, escort services, or sell eBooks, reports, or self-help pdfs. The Canadian Government needs that income tax revenue to run the country, after all, the citizens there have demanded and voted for more social services.
Indeed, as more and more businesses find it harder and harder to compete with their low-cost online rivals, the brick and mortar mom and pops, and larger corporations are put at a worse disadvantage due to the fact they have to pay the taxes, when others are not. Worse, many folks are on unemployment benefits, while making decent incomes online under-the-table like a devon. Internet Businesses are taxed exactly the same as regular businesses, they are not exempt.
"All businesses are required to pay taxes on their revenues, when some businesses don't pay, that's pretty unfair" notes the CDA or Canadian Revenue Agency spokesperson in Calgary Herald. Indeed, she is correct, and businesses should do the right thing and not try to skip out, as that is highly unethical. One concern our Think Tank had considered is on Earth can the CDA enforce these issues when some online companies are paid through affiliates, or do their banking in the US, where they snowbird for the winter months?
Interestingly enough, our solution to this is find Canadian online businesses that look suspicious, for instance when the website owner who sells products or services fails to use their full name, or there is no contact names at all on the website. Perhaps, they are hiding something, or maybe not, but there is a toll free "whistleblower tip line" at the Canadian Revenue Agency that anyone can use, and we intend to start a trend. We've decided to help the Canadian Government afford all those social services in their country and to snag those who are not paying their fair share, or trying to sneak by.
Many nations have tip lines to turn in tax cheats, and some have rewards, which means whatever is collected, including penalties attached, may indeed net the whistleblower a percentage. And that folks is the best way in the World to Make Money Online. Indeed, kirke I hope you will consider all this.
