'Black Money Can Be Smart Strategy For Inefficient Economy'

"In other words, black money has tax component removed from it. Clearly black money has an edge over white money, which is subjected to government's share," the book says.

According to the author, black money undoubtedly enjoys the benefit of tax advantage but the advantage does not just get passed to the beholder so easily.

"Natural reaction to any free advantage in the system is that every stakeholder would want a piece of it. This is the reason why prices of goods in black economy are relatively higher than the ones transacted in white money. Apparently, black money does get taxed, indirectly," says Vijay, who runs private equity and financial advisory firm InvestCare.

The author says the book is "not a technical journal aiming to expose optical illusions; instead it is an effort to highlight the designs in which money operates. It offers a few tips that may help people take better decisions in matters related to money".
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