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Webhosting is the perfect way to launder money...
You can create something for nothing.
Imagine if you ran a hosting company and charged an elite premium to host a website. Lets say $5,000 to design a site, and $289 per month to host it. Create some site using frontpage, and create an invoice for your "customer". Now you have a legit way to take cash, and be able to deposit it into your business account with a legit reason.
Host several thousand websites like this, and you can launder millions of dollars of drug money, and make it legit.
Finding tax loopholes to pay less tax is a different thing. At least now you can get rid of the garbage bags of cash in the apt!
You aksed about laundering money, but I suspect you really are just worried about cheating income tax.
Rocco
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