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by th0raway
2 hours ago
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What they are often talking about there is countries where the official exchange rate is very different from a real world exchange rate: This happened in Argentina quite often. That led to special black market stores where people would give you local currency for dollars at better rates, and often also had some crypto support. You are then going past the legal market either way. |
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I basically have one such job, living in a stable but bottom of the table EU economy, and 40% is exactly the ballpark.
People love to rationalize tax evasion like that.