How do you mean? The whole point is to encourage people, everyone, to pay taxes. It’s a great system. Taxes enforcement should be truly independent from all other agencies to maximize trust and honesty.
So why does anyone launder money? Isn’t the whole purpose of that to hide conspicuous flows of cash from illegal activities? If it’s safe to pay taxes on ill gotten gains, why launder?
a) the main purpose is to avoid paying b) because spending a bunch of cash can be suspicious to other agencies that are looking, like if law enforcement is already suspicious and starts seeing a ton of large purchases without a legitimate source of income they will figure out something is up c) because people don’t know any better.
How do you mean? The whole point is to encourage people, everyone, to pay taxes. It’s a great system. Taxes enforcement should be truly independent from all other agencies to maximize trust and honesty.
I just mean that the aphorism about drugs dealers is colorful and amusing. I understand it’s making a real point but it’s also funny.
Fair enough. The same saying often goes for sex workers.
That’s how they ended up catching Al Capone, on tax fraud charges.
So why does anyone launder money? Isn’t the whole purpose of that to hide conspicuous flows of cash from illegal activities? If it’s safe to pay taxes on ill gotten gains, why launder?
a) the main purpose is to avoid paying b) because spending a bunch of cash can be suspicious to other agencies that are looking, like if law enforcement is already suspicious and starts seeing a ton of large purchases without a legitimate source of income they will figure out something is up c) because people don’t know any better.