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I have no idea to what extent they actually get used for money laundering, but churches are still the only form of nonprofit in the US that automatically gets e
by nonameiguess 5y ago
I have no idea to what extent they actually get used for money laundering, but churches are still the only form of nonprofit in the US that automatically gets exempted from having to file a tax return. I'm sure the whole season five plot of The Wire where this was how drug lords were funneling money to the local politicians was not entirely fictional, given how everything else in the plot was based on the writers' real life experiences.
Of course, even on The Wire, this was small time compared to the money laundered through urban reclamation and seafront development projects.
- parsecs 5y agoCould this explain some architectural designs in the world that don't make too much sense like the skyscrapers next to a cargo cult of urban sprawl next to massive golf courses in Dubai?
- charlesdm 5y agoDubai has no income taxes. So this is irrelevant. Companies are not even required to hold records for tax purposes.