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AltaGuy · 09-23-2021, 04:36 PM

I like the idea of hitting the underground economy - but I can't imagine the CRA doesn't already like it even more. I wonder what tools they would need to make a noticeable dent in it. Canada sits at 16% of its GDP underground and around 15th in the world. Wonder what it would take to get to Austria or Switzerland's levels under 10%.

Seems like controlling cash and cash-based industries would be a way to go, as paper transactions are of course easier to regulate. I think removing cash hurts low income people the most though - predatory lenders, bank fees, etc etc.

Would take some finesse.

09-23-2021, 04:36 PM	#230
AltaGuy AltaGuy has a magnetic personality and exudes positive energy, which is infectious to those around him. He has an unparalleled ability to communicate with people, whether he is speaking to a room of three or an arena of 30,000. Join Date: Jun 2007 Location: At le pub... Exp:	I like the idea of hitting the underground economy - but I can't imagine the CRA doesn't already like it even more. I wonder what tools they would need to make a noticeable dent in it. Canada sits at 16% of its GDP underground and around 15th in the world. Wonder what it would take to get to Austria or Switzerland's levels under 10%. Seems like controlling cash and cash-based industries would be a way to go, as paper transactions are of course easier to regulate. I think removing cash hurts low income people the most though - predatory lenders, bank fees, etc etc. Would take some finesse.