Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co...
by zmaurelius on Monday November 07, 2022 @10:44AM
(#33507264)
They could, but then the IRS would have contend with an army of lawyers to claw their money back. In this case, going after a small time criminal with no connections is an easy win, so it makes sense from a resource allocation perspective for them focus on cases like this instead.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co...
by mschuster91 on Monday November 07, 2022 @10:56AM
(#33507473)
> They could, but then the IRS would have contend with an army of lawyers to claw their money back.
Always reminds me on how Scientology managed to get charitable. tl;dr: Cause so much work for the IRS (or appear to be able to do so) and they'll back down.
The tax code is like the MasterLock of laws: looks complex on the outside, keeps honest people honest but is so weak it can be exploited by anyone willing to do so.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co...
by vkou on Monday November 07, 2022 @12:59PM
(#33509496)
Anyone who stole and has held on to 51,000 BTC is not exactly a small-time criminal any more.
They were when the theft occurred, but this is like when you steal a cargo container full of crap, and five years later discover that both the Mona Lisa and a nuclear football is in it.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co...
by Scoundreller on Monday November 07, 2022 @12:24PM
(#33508934)
They said they were the best in the world, not that they were any good.
They might want to look into this:
Many U.S. corporations use offshore tax havens and other accounting gimmicks to avoid paying as much as $90 billion a year in federal income taxes. A large loophole at the heart of U.S. tax law enables corporations to avoid paying taxes on foreign profits until they are brought home. Known as “deferral,” it provides a huge incentive to keep profits offshore as long as possible. Many corporations choose never to bring the profits home and never pay U.S. taxes on them.
https://americansfortaxfairness.org/tax-fairness-briefing-bo...
Yes, these tax loopholes are legal, but I bet the IRS and its world-class money trackers could, if they wanted, find quite a few outfits going well beyond what's technically legal.