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You realize that "money laundering" usually isn't about tax evasion, right? it's about figuring out how to take money gotten from an illegal venture and figu
by lsc 7y ago
You realize that "money laundering" usually isn't about tax evasion, right? it's about figuring out how to take money gotten from an illegal venture and figuring out how to make that money come from a trackably legitimate source, which means paying taxes on it
So, having a lower tax rate, all other things equal, is going to make your state a more attractive destination for money laundering.
- huffmsa 7y agoSo what's the problem here? BC is making money.
- EForEndeavour 7y agoOne problem that comes to mind is that housing has become far, far less affordable than it would be without the distorting effect of $millions-billions' worth of housing sitting vacant and unused.
- ambicapter 7y agoEncouraging criminals to come to your area?
- Tiktaalik 7y agoBC is experiencing a fentanyl overdose crisis and thousands have died as a result. Where do you think the money to be laundered is coming from?