HappySkullsplitter@lemmy.world to memes@lemmy.world · 2 months agoName themlemmy.worldimagemessage-square261linkfedilinkarrow-up1959arrow-down124
arrow-up1935arrow-down1imageName themlemmy.worldHappySkullsplitter@lemmy.world to memes@lemmy.world · 2 months agomessage-square261linkfedilink
minus-squareMaalus@lemmy.worldlinkfedilinkarrow-up13arrow-down2·2 months agoTheir card terminal is broken because they can then lie on the taxes on how much they made. They can’t do that with a card transaction.
minus-squarebitjunkie@lemmy.worldlinkfedilinkarrow-up2arrow-down4·2 months agoYes that’s literally what money laundering is
minus-squareMaalus@lemmy.worldlinkfedilinkarrow-up18arrow-down1·2 months agoNo it isn’t, it’s tax evasion. Businesses do it to get more money from lying on their taxes, not taking “dirty” illegal money and making it legal
minus-squareSparroHawc@lemm.eelinkfedilinkarrow-up7arrow-down1·2 months agoThat depends on if they’re reporting LESS money than they actually made, or are reporting MORE money than the shop itself actually took in. If everything is in cash, you can inflate it pretty easily without raising eyebrows.
minus-squareMaalus@lemmy.worldlinkfedilinkarrow-up4·2 months agoYeah, but reporting “less” is 100x more likely. And saying “everything is money laundering” is wrong, they’re messing around with taxes.
Their card terminal is broken because they can then lie on the taxes on how much they made. They can’t do that with a card transaction.
Yes that’s literally what money laundering is
No it isn’t, it’s tax evasion. Businesses do it to get more money from lying on their taxes, not taking “dirty” illegal money and making it legal
That depends on if they’re reporting LESS money than they actually made, or are reporting MORE money than the shop itself actually took in.
If everything is in cash, you can inflate it pretty easily without raising eyebrows.
Yeah, but reporting “less” is 100x more likely. And saying “everything is money laundering” is wrong, they’re messing around with taxes.