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Hiral Jain
Content writer • 1y
Hello everybody! Day 4 of knowing about businesses that are still operating even after being illegal! In a previous post, we saw how businesses accumulate black money, wondering how would they use it later to make any big purchase you need to transact using banks once the money is in your bank gov have an eye on it and if the amount is huge they will always have an eye on any transaction you make, so how do they use the money? Well, it's a long chain of fake companies…, we all know we don't have to pay tax on loan amounts right? This is their trick, let me give it to you in a a simpler version, they will send the money through Hawala to many different companies (shell) and this money will rotate to several companies like them and finally get deposited in a European company and person A would show that he has taken a loan from that company, thus he has his money back! Fun fact: GST was invented in France Continued in comments
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