The conversation between human and AI assistant.
How does the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
How can the government prevent individuals from finding loopholes to evade taxes and hide their unaccounted wealth?
One way is to strengthen tax enforcement and increase penalties for tax evasion. The government can also encourage greater transparency in financial transactions and implement stricter regulations on money laundering. Moreover, using advanced technologies like blockchain, artificial intelligence, and big data analytics can help in identifying and tracking individuals who engage in illegal activities.