Question

Measures to control black marketing

Answer 1

Answer:Black markets can be taxed by construction. This would have been virtually impossible before the internet era, but today it’d be pretty easy. Suppose, for example, that we had a 100% national sales tax (NST.) And that every dollar of after tax income came with a dollar of NST credit. The net effect would be a 50% tax on black markets and unreported income and nothing else.

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