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Posted

Would the local police department have anything at all to do with a business  under-reporting revenue?

 

On the TV show, the LAPD detective shows up and says he wants to see the books because the owner of the business has been reporting a loss for the past 5 years and the place is packed every night and he doesn't believe it's losing money.

 

I was thinking that would be the IRS that would be involved in that.

 

Maybe even State revenue agency.

 

But the local cops?

 

So I believe this is standard TV show Hollyweird BS, but there is a slight possibility that it would be done and I'm just not aware of it. So I figured I'd ask.

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Posted
7 hours ago, Marshal Mo Hare, SASS #45984 said:

 

AI Overview
 
 
Yes, the City of Los Angeles has a business tax that applies to anyone engaging in business within the city limits
. The tax is officially called the Business Tax, and it is a "privilege tax" for operating a business in the city. 

Is it a percentage or a flat fee?

 

If it's a flat fee, then it doesn't matter whether the business is earning money or losing money. They still pay the fee. Percentage - yeah I can see why the city would want to know exactly how much money you made last year.

Posted
2 minutes ago, Alpo said:

Is it a percentage or a flat fee?

 

If it's a flat fee, then it doesn't matter whether the business is earning money or losing money. They still pay the fee. Percentage - yeah I can see why the city would want to know exactly how much money you made last year.

Do you think the city would let a multimillion dollar business get off for something like $100.

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