News Analysis: India, is taxing Gold Smugglers more. The tax, just introduced, of $407.00 per ten grams of gold, brought into India is hoped to discourage smugglers.
830 tons of Gold was imported into the country from 2012 -2013. India is allegedly the World’s Largest Gold Market For Citizens.
Organized Crime (OC) will presumably be following the effects of this Indian Government Tax move very closely. Counter-moves by ‘OC’ will occur due to “Profitability Through Latent Demand Fulfillment Through Surreptitious Methodologies” as it might be technically categorized by some Criminologists.
Throughout the World, where a Product or Service ‘Demand’ exists, if unfulfilled by Governments or Legitimate Private Parties, ‘OC’ will deliver the ‘Supply” to Purchasers. Profitability in doing so is great. If the subject of the ‘Demand’ is Illicit, the Profitability will be Greater. The Risk is low; typically, only ‘Mules’ get caught.
All of the “Legitimate” Associates of ‘OC’: ‘Crooked’ – Accountants, Attorneys, Bankers, Businessmen, Law Enforcement, and Politicians are too vast in number. High hopes will NEVER Totally Eliminate this Historical Process of Demand (‘Good’ For Them Or Not) by Humanity.
Reality.
Reference: http://tinyurl.com/m99gd34