Q. Round tripping is used as a ___?
Answer: Means of tax evasion
Notes: Round tripping refers to money from one country going out through unofficial channels and being invested back into the same country from outside to avail of tax benefits under the double tax avoidance agreement (DTAA).Round Tripping makes the government lose large amount of tax revenue as taxes on both outgoing and incoming money is lost.

This Question is Also Available in:

हिन्दी
Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.
📌 Question Number: 23 in 43. Foreign Trade - Policy, Balance of Trade, Balance of Payment, WTO in the above course in App.