Re:Largest Bitcoin mixer, Bitmixer.io, closes down
by dragonwriter on Monday July 24, 2017 @08:09PM
(#14843916)
You don't launder to avoid taxation, you launder to provide a plausible legitimate excuse for your criminal income, usually paying taxes in the process.
It's usually highly illegal because it involves falsifying records, including those filed with tax authorities (and because the purpose of that falsification is to conceal another crime.)
It's usually highly illegal because it involves falsifying records, including those filed with tax authorities (and because the purpose of that falsification is to conceal another crime.)