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What is black money?
Asked 8 years ago
Active 2 months ago
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Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.
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Majed Badawi
15.5k 3 10 26
answered 8 hours ago

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