It was in place during may/june

and the money is tax free, a great way to launder your money from other "ventures" to make it tax free, want to know how? ask me

This post has been edited by bryanyeo87: Dec 7 2007, 02:17 PM

of course im willing to explain

A point to consider first, tax evasion is illegal with quite some heavy punishment.

but tax avoidance is legal

Example 1:
-You own a business, tax per year you have to pay is rm50,000 since your business is good.

Now, you wanna pay less tax, say, rm30k less per year. So you launder it in property or other legal means to make it tax free (legal) or "clean" (for illegal business)

Normally laundering money = for every rm1 you launder you may need to pay rm0.10 to launder off that rm1, but with property, now you can launder rm1 and get back rm0.10 instead of paying.

This post has been edited by bryanyeo87: Dec 16 2007, 03:30 AM