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: