All the government has to do is make the reward worth the reporting. Very simple solution!
I can only speculate as to what will happen to people who break laws that makes commercial transactions illegal when they do not pay the relevant taxes.
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Bitcoin price continues to fall following Silk Road raid in US
By Tracy Alloway and Kara Scannell in New York
A pile of Bitcoin slugs sit in a box ready to be minted by Software engineer Mike Caldwell in his shop in Sandy, Utah on April 26 2013©Getty
The price of Bitcoins continued to fall on Thursday, a day after it slumped 8.6 per cent following a raid on Silk Road, the online marketplace that allegedly allowed more than a billion dollars of illegal drugs and illicit services to be bought using the virtual currency.
Mt.Gox, a website for trading Bitcoins, reported that the currency was trading at around $124, $4 below its price on Wednesday, when the Federal Bureau of Investigation arrested Silk Road’s alleged proprietor, the 29-year-old Ross William Ulbricht. The authorities seized more than $3.6m worth of the virtual currency in the raid
Tax cheats, drug dealers and other people trying to hide from the government: We haven’t talked much about Bitcoin’s anonymity, but that is, of course, one of the main competitive advantages that Bitcoin has over a bank account. In the minds of many of Bitcoin’s supporters, that made it a superior substitute for physical cash -- all the anonymity, without needing a gym bag to carry the stuff around. This is most useful for people who want to hide their transactions from the law.
Perhaps your employer has directed you to engage in, or overlook, fraudulent or illegal actions. Perhaps you were fired, demoted, harassed or retaliated against. Whether you are a CFO, a sales representative, an auditor, a nurse, a compliance officer, or an engineer, you may feel alone and powerless. We can help protect your legal rights, your reputation, and your career. We can also help you to receive just compensation for the injuries you have suffered, and, where available through the SEC, the IRS or a “qui tam” lawsuit, to earn an award for reporting the illegal activity you have observed.
That's the reason they have tax laws. Non compliance is illegal.
Being a tax cheat doesn't make one a good citizen.
So the fifty millions or so people in the US who buy on the internet but does not report those purchases to their state governments and paid sale taxes are not good citizens?
Do you steal from your company?
Not paying taxes is illegal.
admitted you're a bum, and not a good citizen.