3 ms·
> the value has been significantly lowered by approximately ~10 to 20% consider when the money gets deposited, there would be an income tax due on it. How do y
by kranner 10y ago
> the value has been significantly lowered by approximately ~10 to 20% consider when the money gets deposited, there would be an income tax due on it.
How do you figure it's 10%-20%? AFAIK it's a 300% penalty now after the voluntary disclosure scheme has ended (for income that was gained before Sep 30). People are better off burning the money if they can't launder it somehow.