Yeah, beauty pageant are going to start asking for this instead of world peace. Dream.

As in the "think of the kids" or "fighting terrorism" umbrellas, the "fight money laundry" monicker is bought and supported by Joe Naive then they are surprised when their account gets locked because they split a dinner with their friend or why the bank treats them as a criminal if they want to deal with cash.

But why? Transfer pricing regulations are just countries fighting each other over where taxable value was created. Making them more complicated only harms SMEs who already pay a far greater portion of corporate tax revenue than they should. It just a very ineffective attempt to fight the capital flight caused by double taxation. Perhaps if profits were only taxed once there wouldn't be a capital flight problem to begin with. Maybe companies would even start paying dividends again...

Aren't you concerned about privacy implications? I am glad some people don't have this totalitarian thinking and will never have: https://www.youtube.com/watch?v=ltb3lJCd1mA I highly recommend all videos by Nomad Capitalist.