79
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Oct 2023
79 points (100.0% liked)
Formula 1
9054 readers
35 users here now
Welcome to Formula1 @ Lemmy.world Lemmy's largest community for Formula 1 and related racing series
Rules
- Be respectful to everyone; drivers, lemmings, redditors etc
- No gambling, crypto or NFTs
- Spoilers are allowed
- Non English articles should include a translation in the comments by deepl.com or similar
- Paywalled articles should include at least a brief summary in the comments, the wording of the article should not be altered
- Social media posts should be posted as screenshots with a link for those who want to view it
- Memes are allowed on Monday only as we all do like a laugh or 2, but don’t want to become formuladank.
Up next
2024 Calendar
| Location | Date |
|---|---|
| 🇺🇸 United States | 21-23 Nov |
| 🇶🇦 Qatar | 29 Nov-01 Dec |
| 🇦🇪 Abu Dhabi | 06-08 Dec |
founded 1 year ago
MODERATORS
Again a situation in which the rich simply cannot lose. Fraud for 400 million, worst case they “catch” you and you have to settle for double, but he could have used that 400 million for years to expand his fortune, now that settlement is still cheap for him. Besides, if they never caught him, he would have had even more.
The only real punishment for these people is taking away their time, i.e jail time.
You're not wrong, but jail time and justice is not what motivates HMRC, or any other revenue department. They want one thing, and one thing only: The money. Putting people in jail costs money, letting rich people 'fess up and pay up is much more lucrative.
Why not both? Pay back 400 million, plus interest and jail time?
I think that interest is added, specifically you pay https://www.irs.gov/payments/quarterly-interest-rates based on the quarters you were missing taxes.
Not sure if the numbers quoted here include that already