What is skimming?

This term has several uses, but in a general sense it means "taking away the best." In a financial context, it has several meanings:Cash Register: Limiting the amount of cash in a cash register for security reasons. This may include, for example, regularly removing large sums of money from the cash register and putting it away safely or depositing it in a bank account.

Bank account: transferring excess funds from a current account to a savings account, for example, to generate greater returns.

Tax fraud: A fraudulent practice in which a portion of actual sales is not reported to the tax authorities, resulting in a portion of income being treated as black money.

Economy: Putting a new product on the market at a high price, also known as "cream skimming.

This term is often used in different contexts within the financial world and can range from practical security measures to fraudulent activities.

Version:
26/9/24