r/Glasgow Tools

Title
Author	david9640
Comment	Go ahead and explain how you think it would work then. It's possibly the worst possible money laundering business idea out there. It literally took a two second google to find out more: [https://www.theguardian.com/uk-news/2022/jun/17/oxford-street-us-candy-stores](https://www.theguardian.com/uk-news/2022/jun/17/oxford-street-us-candy-stores) "the owner of a property lets it to an intermediary, who rents to the souvenir and candy stores usually on licences. That means the landlord c*an avoid paying business rates on an empty shop*, and instead the occupier – paying minimum rent and low staff salaries – becomes liable to pay the tax. However, they provide false details or shell company names that quickly dissolve to avoid paying business rates, making it hard for the council to recover the debt. Products found in this week’s raid included 2,246 *counterfeit* Wonka bars, 2,838 unsafe disposable vapes, 223 toys without safety labels and 1,393 *counterfeit* mobile phones. Council officers also confiscated *fake* iPods and Rolex watches, and have so far seized about £574,000 worth of counterfeit and illegal goods in its crackdown" They're there to avoid the landlord having to pay additional business rates (which is what I meant when I said council tax), and to sell counterfeit goods. Like I said.
Reddit Link	https://www.reddit.com/r/glasgow/comments/vhn55h/fuckin_american_candy_shops/id8jwer/
Created	Tue 21st Jun 2022 11:51pm
Status	normal ()

Go ahead and explain how you think it would work then. It's possibly the worst possible money laundering business idea out there.

It literally took a two second google to find out more:

[https://www.theguardian.com/uk-news/2022/jun/17/oxford-street-us-candy-stores](https://www.theguardian.com/uk-news/2022/jun/17/oxford-street-us-candy-stores)

*"the owner of a property lets it to an intermediary, who rents to the souvenir and candy stores usually on licences. That means the landlord c****an avoid paying business rates on an empty shop****, and instead the occupier – paying minimum rent and low staff salaries – becomes liable to pay the tax.*
*However, they provide false details or shell company names that quickly dissolve to avoid paying business rates, making it hard for the council to recover the debt.*
*Products found in this week’s raid included 2,246* ***counterfeit*** *Wonka bars, 2,838 unsafe disposable vapes, 223 toys without safety labels and 1,393* ***counterfeit*** *mobile phones. Council officers also confiscated* ***fake*** *iPods and Rolex watches, and have so far seized about £574,000 worth of counterfeit and illegal goods in its crackdown"*



They're there to avoid the landlord having to pay additional business rates (which is what I meant when I said council tax), and to sell counterfeit goods. Like I said.