Dutch criminal allowed to claim cost of gun as tax deduction

[md2lgyk]

I figured this had to be some sort of hoax. Nothing came up on Snopes though, so who knows? Lots of stupider things have happened in Europe.

 

[mbs357]

I really hope this is a hoax. Seriously, ***? That's basically legalizing criminal activities...
>_<
More reasons to hate Europe...the architecture isn't worth it, and I can get the food here.

 

[femoralis]

For tax purposes, I have read the USA does something similar.... criminals are allowed to write off crime-related expenses as business expenses.

 

[Selfdfenz]

I hope, at least, his fine was more than that of the "Apple Lady" in GB.

S-

 

[xenobia]

The more I hear about europe, the more I appreciate my dad's statement; "Germany, nice place to visit, but I don't want to live there."

(He emmigrated from West Germany back in the 1950s)

 

[R.H. Lee]

Or even depreciated over 5 years.

Under IRS regs, it would be 'Listed Property' ie, it could be used for both personal and business purposes, and would have to be apportioned. Only the business use would be deductible.

 

[Firethorn]

Riley: If he's not shooting it for personal satisfaction, but is only using it "in the course of his business", wouldn't it be apportioned completely to the business side?

Hey people, there's precedent even in the USA. Remember, Capone was put away for income tax evasion. Just imagine what his deductables would be like today.

But yes, crime, especially forms of theft, can be run like a business. Matter of fact, just like in the legal world, they run better done that way.

 

[thorn726]

Did Al Capone get to write off his costs of doing business (including legal expenses) against his total gross revenue for which he was convicted of not paying taxes?

well you answered your own question, he didnt pay ANy taxes, or not even close to his actual income.
once it was discovered he was not paying taxes, everything gets seized, it all becomes moot.

these things all could be done in the US, but it's a paradox.
a drug dealer could easily report his income, make deductions for reasonable expenses (like a van, not a ferrari could be deducted), and file taxes.

but then you run into roadblocks. one, if it still exists, the HUge taxes on drug sales form the 30s, then the fact you are dispensing regulated materials without liscense.
say you avoid those things some how.
list your occupation as "sales"
just count inventory as goods. it isnt gonna work.
anyway, say you filed, the taxes are outdated and dont exist, you file your taxes. fine . the IRS will fully accept your money, probably accept reasonable deductions, and then hand all your info over to the proper LE Agency,
arrest you , and seize everything.
whether you paid taxes on it or not, proceeds of drug business are subject to
forfeiture.

as far as this thing in Holland , well Whoa! i dont know if i even believe it.
pretty ridiculous that courts let that slip through.

i actually know someone in Breda, i am going to email him this story see if he knows anything.

 

[M1911Owner]

Firethorn brings up a good point. One is expected to pay taxes on income from illegal activities, so it's only right and proper that expenses related to said illegal activities be deductable. Where's the wackiness in that?

 

[cuchulainn]

Kharn,

Actually, that was PMDW.
(But you're welcome anyway )

 

[P95Carry]

the judge at Breda criminal court reduced his fine by that amount.

Judge???? Judge???? Would he have made same decision if he had been subject of the robbery??

I all but refuse to believe this, despite this crazy world we live in.

 

[R.H. Lee]

Since the gun was probably confiscated at his arrest, he could take a 'Casualty and Theft' loss, and write off the entire amount.

 

[TaxPhd]

"Man, I wish the USA could be more like Europe!"

Actually, the US does this. Criminals (except for drug dealers) are allowed to deduct their ordinary and necessary business expenses, as long as those expenses are not against public policy (e.g., bribes, kickbacks, etc.). Drug dealers are only allowed a cost of goods sold deduction.

Now, the pistol would probably go against public policy here in the US. What a shame.



Scott

 

[Preacherman]

Duplicate threads merged.

 

[warth0g]

Please remember that "Europe" is not a country. I sincerly hope something like that would not happen in my country.

warth0g