> The NY times also deliberately ignores the positive outcomes
The amount of unaccounted income in cash is 6%. You can definitely have positive outcomes but the costs outweighs the benefits. It's like using an elephant to kill an ant.
The amount of unaccounted income in cash is 6%. You can definitely have positive outcomes but the costs outweighs the benefits. It's like using an elephant to kill an ant.
I've been looking for this info. How did you arrive at the 6% figure, is it in the NY Times article? Honestly I thought it was a lot bigger, at least low double digits.
Just like accounted income, owners do not prefer their unaccounted income to be in cash - they use real estate, gold etc. to park them. This 6% figure is from the Ministry of Finance white paper on black money.