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I think he means transactions not being accounted for properly, not necessarily for illegal goods. At least my experience of India is that there are quite a lot
by algesten 10y ago
I think he means transactions not being accounted for properly, not necessarily for illegal goods. At least my experience of India is that there are quite a lot of deals being made that never show up in any government tax books.
- the_watcher 10y agoThis is mainly what I was referring to. Obviously black markets are essentially impossible to eradicate without the elimination of any sort of legal restrictions. But it seems like a big problem for India is that otherwise legal transactions are happening in cash, and off the radar of the required tax authority.