China Will Use Blockchain To Collect Taxes
The Chinese government listed blockchain in its “Thirteenth Five-Year” National Informatization Plan from 2015, and since that time the nation has been working diligently toward the incorporation of the technology into daily life. China has just announced that it will use blockchain technology for social taxation and the issuing of electronic invoices.
The government’s announcement that it “will utilize blockchain technology for social taxation and electronic invoice issuance matters,” has been met with silence from the mainstream media. China has already launched a test of its own cryptocurrency based on the technology, so these initiatives should be able to build on each other. This will also be a large-scale test of a government’s ability to collect taxes more efficiently, considering China has the biggest economy on earth.
By Mac Slavo at SHTFplan.com August 6th, 2017
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http://www.shtfplan.com/headline-news/china-will-use-blockchain-to-collect-taxes_08062017
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24/7 waiting for the breaking news now.... lel
Thank you Cryptoeverywhere @cryptoeverywhere! Oh, but how long will we have to wait 24/7?
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