this post was submitted on 29 Apr 2025
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[–] Maalus@lemmy.world 11 points 1 day ago (1 children)

Their card terminal is broken because they can then lie on the taxes on how much they made. They can't do that with a card transaction.

[–] bitjunkie@lemmy.world -2 points 1 day ago (1 children)

Yes that's literally what money laundering is

[–] Maalus@lemmy.world 17 points 1 day ago (1 children)

No it isn't, it's tax evasion. Businesses do it to get more money from lying on their taxes, not taking "dirty" illegal money and making it legal

[–] SparroHawc@lemm.ee 6 points 1 day ago (1 children)

That depends on if they're reporting LESS money than they actually made, or are reporting MORE money than the shop itself actually took in.

If everything is in cash, you can inflate it pretty easily without raising eyebrows.

[–] Maalus@lemmy.world 4 points 1 day ago

Yeah, but reporting "less" is 100x more likely. And saying "everything is money laundering" is wrong, they're messing around with taxes.