How is black money stashed abroad?

How is black money stashed abroad?
For an average politician or a businessman, how do they store money in offshore accounts? How does it end up there? If they transfer from a local bank to a Swiss bank for example; doesn't that leave a money trail? If else how does it end up there?

Answer by Jai Parimi:

Evading tax is creating black money.

People evade taxes by manipulating accounts.

Various means of account manipulation to evade tax:

Image Source: Manipulation of Accounts for tax evasion

How is black money stashed abroad?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s