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Will never fly because corporations will not adopt something that helps them pay more taxes.
by eurasiantiger 5y ago
Will never fly because corporations will not adopt something that helps them pay more taxes.
- lxgr 5y agoCorporations don‘t evade taxes by hiding consumer payment transactions.
- eurasiantiger 5y agoThat’s certainly true. However, making up transactions is almost core to money laundering, and laundromats don’t like to pay taxes for obvious reasons.
- sdze 5y agoSo corporations won't adopt double-entry accounting then? ;) Corporations have ways to move money around legally. There is a regulatory gap... They do not need to hide money illegally.