3 ms·
I wonder if we are meant to think of drug dealers but the governments are just as worried about the local handyman or small construction company getting untrace
by Mountain_Skies 7y ago
I wonder if we are meant to think of drug dealers but the governments are just as worried about the local handyman or small construction company getting untraceable cash payments without paying taxes.
- bananabreakfast 7y agoThis is why so many taxi drivers say their "credit card reader is broken"
- dmurray 7y agoThey aren't getting enough €50 or $100 notes to be a real logistical problem. You can put 10k in your pocket, and count it in a minute or two.
- Scoundreller 7y agoIf you have large piles of money to launder, one way is to build a rental property and pay all the materials/contractors in cash. But now harder to do that with 5x the bills. Or suddenly stuck with 500s that nobody wants to take.
- throwawaycanada 7y agoWait... how do you explain the appearance of the building with no expenses shown except "from cash"?
- smokeyfish 7y agoThere are expenses, they're just not the right expenses.
- Scoundreller 7y agoAt least in Canada, the city cares about building permits, but doesn’t do any checking on how the building/construction was paid for. Banks don’t really question rent cheque’s coming in every month, or a large bank transfer coming from your lawyer for the sale of property.