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> you buy stuff, offer it for sale of Etsy, and claim all of the goods you purchased as businesses expenses for tax writeoff purposes. That's not a loophole, t
by toyg 4y ago
> you buy stuff, offer it for sale of Etsy, and claim all of the goods you purchased as businesses expenses for tax writeoff purposes.
That's not a loophole, that's just fraud that goes undetected because the taxman doesn't know or monitor Etsy. Amazon used to be the same, before someone knocked on their door. Businesses doing that are still guilty of tax fraud and will be convicted if/once authorities come around (since Etsy will be compelled to collaborate).