5 ms·

I think you're mistaken. This is about anti-money-laundering, not tax.

• curryst 6y ago
  They're one and the same. The purpose of money laundering is to pay the taxes on illegally acquired money so you can spend it legitimately. If the IRS wasn't going to come after you for tax fraud, I don't see the point in laundering. Just deposit that crap in the bank.
  • pif 6y ago
    No, you are wrong. The purpose of money laundering is to prevent government from getting too curious about where that money is coming from.
    • tartoran 6y ago
      That’s what the parent is saying. In a nutshell by taxing money it becomes legitimate. The trick lies in not drawing any scrutiny on the business itself, I believe it is basically attempting to make the said business appear as ordinary as possible.