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On stashed cash: State could impose 10% tax on remittances

than brace yourselves for a decrease in legal foreign remmittences..
Apparently our government wants everyone's hands as dirty as theirs so one cant point fingers :(

One thing I can suggest is that the money coming from foreign channels should not be allowed to go into undocumented sectors like Real Estate. The Expats have poured massive sums in this black market and driven the prices so high that the housing is now becoming almost un-affordable for locals. This needs to be stopped, their investment be only allowed in sectors which are connected to real economy i.e. Bond markets, banks, stocks or businesses or put constraints on ownership of real estate (like two for whole family) etc
Make sure you teach economics 101 to NS's constructor mindset :enjoy:
 
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