amazed

barbee6043 said

I have noticed from some year ago S. Koreans coming into the country, usually buying or starting a restaurant business. As they succeed they bring over more relatives and expand business. That is good, but they have a loophole where they pay NO Fed. income tax for the first 5 years. Then they simple sell the businesses back an forth to each other, never pay tax, and laugh at the stupid US laws. Out of their own mouths.

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That’s exactly what they do with the hotel business. We have a lot of hotel contracts and they seem to sell every 5 years and they go to another relative. There are 5 owners here of mostly economy hotels, Motel 6 and super 8, the ones that start out as Hilton or Marriott loose there status after 5 years and they change the names to those 2 or Knights Inn. The owners aren’t always related but they all have the same last name. Patel which means Inn Keeper.