QUOTE(coyouth @ Mar 14 2022, 09:25 AM)
wow. seems more comprehensive than GST.
Of course.LHDN got power to check everything that you own. where you income come from. how can your bank got rm2.6B from donation , and so on.
this, together with Digital Ringgit ( ala Digital Yuan ), well, you cant hide at all, anymore.
--------
China makes digital yuan transfers as easy as using a phone
Currency pilot program to launch in Suzhou as JD.com jumps on board
BEIJING -- China will expand trials of its digital yuan Friday evening with a feature letting individuals send money to each other by just touching their smartphones together, broadening use of the new currency beyond physical stores.
Up to 1,000 people in Suzhou will participate in a test of the new function -- which can be used even without an internet connection -- alongside a digital yuan "lottery" in the city. The goal is to make sending electronic money feel like having physical cash change hands. Huawei Technologies has rolled out phones that support the feature.
A successful test would bring China a step closer to its goal of a full-fledged launch by the time the Winter Olympics are held here in February 2022.
This post has been edited by JimbeamofNRT: Mar 14 2022, 09:30 AM