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system compares tax data to spending data

Published:

http://www.sovereignman.com/expat/italy-to-launch-skynet-tax-collection-system-after-197-yoy-borrowing-increase/

The Italian tax authorities are now field testing a new system called ‘redditometro’, a database that automatically collects and analyzes taxpayers’ tax data vs. spending data based on automated collection of credit card and banking information.

For example, if the credit card reports show that you have an expensive gym membership… or perhaps you bought too fancy of a mobile phone, then the system will flag you if your annual tax liability isn’t commensurate with such spending habits.

Entry #756

Comments

1.
JAP69Comment by JAP69 - March 22, 2012, 12:00 pm
Yep,
Computerized spending habits will tell on you every time.

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