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> Is that fraud or just arbitrage? It's VAT fraud, so literally tax fraud.
by throw_m239339 3y ago
> Is that fraud or just arbitrage?
It's VAT fraud, so literally tax fraud.
- ysofunny 3y ago[flagged]
- reactordev 3y agoYeah. Loopholes are usually filled with the bodies of those that abused it to the point of being paved over. So even if Chad was winning, he lost, and the ability to play will be removed.
- throw_m239339 3y agoThe article spends at least 4 paragraphs explaining how the scheme works, did you read it? There is no loophole, since what they did was illegal to begin with and they knew it, it's a very basic and common scheme, it's VAT fraud and that type of fraud has existed since VAT exists.
- Recursing 3y agoReminds me of: https://xkcd.com/1494/ https://xkcd.com/1494/
- deleted 3y ago[deleted]