by India follows suggestions to fight tax evasion by taking high denomination notes out of circulation … and introducing new ones. Until the end of the year, Indians may exchange the old banknotes against new ones, at banks or post offices, by identifying themselves. On his blog, J P Koning discusses earlier demonetization episodes in Iraq and Sweden. India’s move does not exactly follow the well publicized suggestions currently debated. But it might work.
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Dirk Niepelt considers the following as important: Banknote, Cash, Demonetization, India, Notes, Sweden, Tax, Tax evasion, Wealth tax
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India follows suggestions to fight tax evasion by taking high denomination notes out of circulation … and introducing new ones. Until the end of the year, Indians may exchange the old banknotes against new ones, at banks or post offices, by identifying themselves. On his blog, J P Koning discusses earlier demonetization episodes in Iraq and Sweden.
India’s move does not exactly follow the well publicized suggestions currently debated. But it might work.