Browsing: Black money

    Editor's letter

    Whitening black money, government steps to mitigate adverse outcomes and challenges

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    The whitening black money scheme — the process of legalizing undisclosed income or assets by paying taxes on them that help individuals and businesses avoid legal consequences — brings money into the formal economy. For instance, the whitening black money scheme brought billions of US dollars to the formal economy in India in 2016. Consequently, different countries

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