Quote:
Originally Posted by Mark_Paxum
Paxum is a means to pay other Paxum users, for example you want to pay a coder, designer, content guy $100 now for services, sending a check or wire takes time and money.
Let's say the 2 parties are in different countries, sending a check by mail would take time and typically foreign checks cost the eprson depositing it money and they put a hold on it until it clears, a wire will cost both parties money too.
Paxum like paypal provides a service where 2 people can trasact business instantly. For personal accounts it's only 25 cents and for business accounts only $1 to pay another paxum party.
Everyone responsible person has to do their taxes, this is not about what you declare or what you don't. It's no different than when you get wires or checks, you should act according the the law.
|
what you left out in all of this is that the guy in the receiving country has little or no obligation to report the transaction, which effectively happens invisibly outside of the country, allowing webmasters in many countries to avoid a tax burden. This is doubly useful for webmasters who use their "e-wallet" funds to buy other services, as they can then double dip - show the invoice as an expense, and not actually have to show income.
Services such as Paxum, Epass, and the like would not exist if all transactions had to be reported in the receiving country. It would all but eliminate the benefits.