"fraud can be discovered automatically, such as by using Bitcoin to pay taxes, where audits can be performed by using blockchain data, making audits by tax authorities vastly more efficient. Bitcoin will help governments collects taxes, and it will help businesses pay them. Everyone wins by improving efficiency"-- @ryanxcharles by way of CSW, "Theory of Bitcoin" the article
How many people both blue and white collar do you know who cheat on their taxes? What if paying taxes became automatic?