4 ms·
The idea that all the Indian run businesses in the US do shady stuff is beyond fiction. If this random HN guy knows this, you can bet the IRS and a variety of
by addicted 5y ago
The idea that all the Indian run businesses in the US do shady stuff is beyond fiction.
If this random HN guy knows this, you can bet the IRS and a variety of state agencies would also know this and target them very effectively.
The reality is that in a business where gross profit margins are around 2% at best, you don’t need to go to tax evasion to understand why they would choose to encourage a payment method that does not incur a 2.6% + 30c cost on every transaction.
- annoyingnoob 5y agoRight, the implication that cash based businesses, particularly Indian based businesses, are doing the wrong thing is offensive. Yes, its makes sense for some businesses to be mostly cash based for valid reasons beyond cheating the system.
- annoyingnoob 5y agoAlso wanted to point out that if you have a brand name gas station franchise, that brand name has a lot of say in what you do. You will be taking their credit cards, and pretty much any other card, etc. The brand name wanted the station to close the service bays and turn that space into a junk food store. The station owner believed in the service bays but really couldn't pull in the business. Had it become a junk food store it would probably still be there.