Quote:
Originally Posted by Special K
It would be interesting to see how this turns out in the next 6-12 months. How easy would it be to find loopholes to recruit a "relative" or "friend"?
Where is the tax money going??
What about a foreign national selling tax? Grab some money while we are at it.
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wont detour organized crime who gathers 1000s of people to bring over 100k in cash each in their luggage (China,Japan) & the government asking no questions in yearly income from the wealthy Canadian with 2 million dollars bought in real estate with illicit funds,they get their 15% cut so its gonna be even more hush hush....whats stopping the seller from adding 15% to cover his own profits now too when he flips the house
How Hard is it to set up a company that looks legit in Asia and wire transfer millions of dirty money Clean to them with a Fake invoice they charged this amount for Service they made up and spent??.....I don't think the canadian goverment is strict on that like the IRS in USA.
Chinese government doesn't give a shit either,They'll take their cut for any housing sales overseas here avoiding Law...money is power,Somebody is getting paid off.