alt Hacker NewsIt's certainly a problem when circular investment structures are used to get around legal limits on the amount of leverage or fractional reserve, or to dodge taxes from bringing offshore funds onshore.
It's certainly a problem when circular investment structures are used to get around legal limits on the amount of leverage or fractional reserve, or to dodge taxes from bringing offshore funds onshore.
Plenty of sneaky ways of using different accounting years offshore to push taxes forward indefinitely too, since the profit is never present at the year end.