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A comment on Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue. Parent comment

Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by applepple on Thursday May 13, 2021 @06:16AM (#27140490)
Why not just create intangible collateral out of thin air? E.g. crypto? Then you just use some of the credit to pump up the value of the collateral to meet the bank's expectation.
[ Parent | on HN ]
Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by KirillPanov on Thursday May 13, 2021 @08:03AM (#27141143)
That's called fraud. You would need to find an especially stupid bank.

You can certainly do that, but if you're wiling to commit crimes there are much easier ways to make money.

[ Parent | on HN ]