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by MichaelGG 3248 days ago
What? Laundering often ends up with them paying taxes - for instance by putting tons of cash through a laundromat. Taxes then paid, the criminals are free to spend it as they wish. In fact, that's like, sort of the entire point of it.

Money laundering (as an offence) is just a crude tool to make prosecutor's lives far, far, easier.

2 comments

I suspect this is what's happening in Canada - billions of dollars of "under the radar" money is coming into Canada to buy real estate, but the construction & trades jobs it creates and resulting boost it provides to GDP makes the government happy to turn a blind eye to the source of this money or that they make no direct taxation revenue (and refuse to audit certain people who are obviously breaking the law).