4 ms·
Generally speaking, these schemes are not illegal.
by cchooper 18y ago
Generally speaking, these schemes are not illegal.
- noonespecial 18y agoWhile not technically illegal, (here and now) the article mentions several historical instances of the creations of such systems and their subsequent abolitions by central banks and governments. In any case, the tax issue is a hairy problem that has to be dealt with whenever these systems are set up. They will not be allowed to exist tax free.
- cchooper 18y agoThey exist here and now and are generally counted either as income from a tax perspective, or tax free, depending on the system and the country.