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A comment on Renaissance executives agree to pay around $7B to settle dispute with IRS. Parent comment

Re:Renaissance executives agree to pay around $7B to settle ... by ummonk on Friday September 03, 2021 @12:09AM (#28400330)
To clarify, the 7.7 billion figure is the 6.8 billion owed plus ~900 million in interest and fines.
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Re:Renaissance executives agree to pay around $7B to settle ... by jlawson on Friday September 03, 2021 @12:13AM (#28400345)
Imagine you steal 500 bucks and if caught, the only punishment is to pay back 600 years later.

You'd have be almost certain of getting caught for it to not be a great idea.

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Re:Renaissance executives agree to pay around $7B to settle ... by Kranar on Friday September 03, 2021 @12:21AM (#28400384)
Imagine you steal 500 bucks, invest it for 10 years turning it into 1000 dollars, and the punishment is to pay a fine of 700 dollars.
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Re:Renaissance executives agree to pay around $7B to settle ... by inter_netuser on Friday September 03, 2021 @12:38AM (#28400466)
Basically, every ICO, only with much bigger numbers.
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Re:Renaissance executives agree to pay around $7B to settle ... by ummonk on Friday September 03, 2021 @01:14AM (#28400617)
That's true, and a part of me wants the penalties to be much higher. On the other hand, people are already scared enough of IRS audits - penalties would make it so much worse.
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Re:Renaissance executives agree to pay around $7B to settle ... by lvs on Friday September 03, 2021 @12:50AM (#28400517)
That's basically an involuntary loan.
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