Black Money in our countries..
By Nick bryne
@nick98 (142)
May 24, 2018 4:28am CST
Hi. Black money is basically the money people hide and do not pay taxes on them. This money is either earned from illegal activities, criminal activities or is simply hidden by people to avoid paying tax. All this black money hurts our country economy and hinders the growth of country.
3 people like this
4 responses
@Jotomy (6322)
• India
24 May 18
one thing i didn't understand keeping this money hide what they do what they get, if money moves in the market then the rates may reduce or it can be used for development. If the money is not using and simply keep hide then it is more or less like a white paper
2 people like this
@Shivram59 (35468)
• India
25 May 18
@nick98 I agree with you.Black money hinders growth of a country.But making generation of black money impossible is not easy.
