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That is money laundering, for the Chinese Communist party of course. Of course, you can consider it legitimate. But then a small island in the middle of no-wher
by csomar 5y ago
That is money laundering, for the Chinese Communist party of course. Of course, you can consider it legitimate. But then a small island in the middle of no-where will consider drug money "legitimate" after all there is no harm in selling white powder, to their eyes.
There is no easy answer to this. If you are escaping China financial authoritarianism, somebody else might consider France taxes to be authoritarian given that they are too high. Is is legitimate that they evade taxes, and launder them to Dubai[1]?
[1]: Not hinting that Dubai is a popular spot for the French.
- bryanrasmussen 5y agoIt seems like this conflates money laundering and tax avoidance, I thought money laundering didn't happen because people wanted to avoid taxes on the money, but rather they wanted people to not know the money was gotten illegally. As I understand it money laundering, when it works, ends up making previously acquired illegal and hidden money available for taxation - at which point of course people start trying to avoid paying those taxes.