Quote:
Originally Posted by Qmx323
But if the customer got back $47K cash via buyback, wouldn't the bank would only be processing the "profit" of $3K cash?
All this honestly... just makes me think that the government isn't super interested in putting a stop to this. Think of all the tax revenue these luxury stores are bringing in regardless of the legitimacy of the cash they take in.
Kinda seems like as long as you pay the tax man, you're good to go?
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The government is very interested in putting a stop to this... In Sept 2023 1 month before the federal election.