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Markoht Toby
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Markoht Toby
Asked: August 7, 20212021-08-07T04:32:22+02:00 2021-08-07T04:32:22+02:00In: Finance

what is black money

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what is black money
blackmoney
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    1. Bernard Ekane
      Bernard Ekane Senior Research Chemist (SRC)
      2021-08-07T05:16:30+02:00Added an answer on August 7, 2021 at 5:16 am

      What is black money? Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed. The black money market capitalization was recorded to a gigantic and surprising amount of $55.5 trillions in the 2nd half of the year 1914, as read online.

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