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Home/ Thoughts/Q 64497
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Asked: August 11, 20212021-08-11T05:09:12+02:00 2021-08-11T05:09:12+02:00In: Finance

black money history

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black money history
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    1. Bernard Ekane
      Bernard Ekane Senior Research Chemist (SRC)
      2021-08-11T10:34:46+02:00Added an answer on August 11, 2021 at 10:34 am

      Black money is an expression commonly used for ‘tax evaded money’. It is not a modern concept since it traces it’s origin back to the medieval and ancient times right from where the concept of taxation emerged by a government. Tax impositions are not abided by all people rightfully and they seek means to escape them. That’s where the invention of of black money come into existence, right from around 1623 BC.

      Due to the immersive problem which raised over time to clean the security black coat off the currencies, researchers like Develo Aventador, an Italian national formulated a solution chemical, which is commonly called today the SSD, these are chemicals used to clean black money. Since 1629 AD.

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