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How will banning of notes affect the huge amounts of black money is Swiss banks and tax havens?
I was wondering how the banning of notes will affect the huge amounts of black money in Swiss banks and tax havens?
Well, with the banning of notes, it will become more difficult for individuals to store large sums of cash without detection. This could potentially lead to a decrease in the amount of black money being stored in these banks and tax havens. However, it is important to keep in mind that there are still other ways that individuals can hide their assets, such as through offshore companies or other types of investments.