I’m trying to figure out, besides it being a registration for workers, what exactly will this do? Do they have to pay extra doing this? Why is it even in place?
So they have figure out who to tax and to pierce the veil on shell companies that hold large assets like real estate.
Ostensibly, this is about combating money laundering and it's not about registering workers but, rather, business owners.
My best guess as to the purpose of this is to get a list of anyone that owns a business and then, using potential money laundering as predication, gathering all the bank information on those people. I suspect that this is, as much as anything else, a back door to get all the bank information they were talking about last year or the year before when they wanted all the bank information for every account that had more than $600 go through it.