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> The amount of unaccounted income in cash is 6%. I've been looking for this info. How did you arrive at the 6% figure, is it in the NY Times article? Honestly
by adictator 10y ago
> The amount of unaccounted income in cash is 6%.
I've been looking for this info. How did you arrive at the 6% figure, is it in the NY Times article? Honestly I thought it was a lot bigger, at least low double digits.
- denzil_correa 10y agoI think you are confusing between unaccounted income vs. unaccounted income in cash. The amount of unaccounted income (or black money) in cash is 6%. Just like accounted income, owners do not prefer their unaccounted income to be in cash - they use real estate, gold etc. to park them. This 6% figure is from the Ministry of Finance white paper on black money.