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I still don't understand how those supposed money laundering plots work. E.g. if you buy a house with dirty money, wouldn't the tax agency still ask you why you
by Double_a_92 4y ago
I still don't understand how those supposed money laundering plots work. E.g. if you buy a house with dirty money, wouldn't the tax agency still ask you why you suddenly own a house and how you could afford to buy it?
My tax agency already asks questions if my living costs seem too low...
- bobthepanda 4y agoWell, table stakes are to obfuscate you. A nesting doll of shell companies buys the house on your behalf that you live in. In a lot of cases tax agencies also lack the means or authority to verify the cleanliness of money obtained abroad.
- leipert 4y agoThey pay taxes on it. This is why the state “doesn’t care”. As far as I recall, when you buy a house, the notary is supposed to check where the money is coming from, but this can be more of a handwavey thing. This is a slightly older article, I am on the go and didn’t find anything more in depth in English: https://m.dw.com/en/german-real-estate-market-a-hotbed-of-money-laundering-transparency-reports/a-46637937 https://m.dw.com/en/german-real-estate-market-a-hotbed-of-mo...
- wolongong942 4y agoIn NZ or Aus the house would be taken under civil forfeiture, with you having to show a legit paper trail for the money to get your asset back. I think they're making it so you don't even have to be associated with any crime, and nothing has to be proven beyond reasonable doubt because it's civil.