Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
So not only are you surfacing the money, but you're doing it tax-free.
And you're laundering the money.
And then over the course of that next three-year period, you're going to be able to write off all of the renovations.
It's depreciation.
So you're laundering the money through depreciation.
You're laundering money through the tax credits.
And you're pushing the money through.
Then three years later, you shut it down, reopen it after new renovations.
Transfer ownership to another company with accumulated tax loss credits and just do it again.
That's why you'll see nightclubs run for two years, shut down, reopen six months later under new management.
That's just a common device that's utilized here in the United States.
In Mexico, totally different.
Well, here's the thing.
In Mexico, first of all, there's no 2 o'clock in the morning shutdown alcohol.
There's no last call.
So they're selling all day.
Also, particularly with respect to the nightclubs and tourist areas, you know, you ever been to Cancun?
It's just spring break.
Yeah, yeah.
Every day is spring break.