According to the BBI, the Belgian authority for finances, regularizing black money is punished by a pecuniary fine that is much to low according to the crime. The penalty only amounts to several percents of the figure that is traded under the counter. It’s thus much lower than the taxes that would have to be paid when the transaction was done over the counter. The BBI is now analyzing the law in order to change it and thus avoid the increasing sales under the counter.
Thibo Lidou (group 6)
2 opmerkingen:
regularizing --> laundering? (witwassen?)
with a fine (drop 'pecuniary')
TOO
in relation to the crime
several percents --> a couple of percentages
figure --> amount
IF the transaction had been made..
According to the BBI, the Belgian authority for finances, laundering black money is punished by a fine that is much to low in relation to the crime. The penalty only amounts to a couple of percentages of the amount that is traded under the counter. It’s thus much lower than the taxes that would have to be paid if the transaction had been made over the counter. The BBI is now analyzing the law in order to change it and thus avoid the increasing sales under the counter.
Thibo Lidou (group 6)
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