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Crypto hedge fund CEO may not exist; probe finds no record of identity
(arstechnica.com)
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this post was submitted on 04 Jan 2024
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Folderol
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From Cambridge Dictionary:
unnecessary actions or words that have little meaning and make something seem more important or complicated than it really is
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This is why (well, one reason) we need corporate taxes to be gross receipts. Layers of shell companies would still be legal, but every layer re-applies tax to every dollar transferred between entities. Want corporate protections? Pay for every layer.