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This may have happened in order to stop remittances. Indians abroad usually send fair amounts of money back home to support their families, and using Paypal the
by mhlakhani 16y ago
This may have happened in order to stop remittances. Indians abroad usually send fair amounts of money back home to support their families, and using Paypal they can avoid the official government taxes on those payments.
- statictype 16y agoMore likely it's used to keep track of money earned by people who do their business online.
- FraaJad 16y agoThis is not accurate. India has agreements with various countries around the world to avoid Double Taxation. I don't pay taxes for the monies I send to India to my parents because I've already paid taxes on my income in the USA.