Showing posts with label Black money. Show all posts
Showing posts with label Black money. Show all posts

Wednesday, July 11, 2012

Black money: Why is India doing private deals with tax cheats?


Why is  India privately closing tax evasion cases by letting Indian Swiss account holders pay their dues on the quiet  without formally announcing a voluntary disclosure scheme?
According to a Bloomberg report, an  amnesty offer is being made to 100 wealthy Indians on a list of 700 citizens with HSBC accounts in

Wednesday, May 23, 2012

Black money outflow estimated at $104 bn but govt mum on details


The illicit outflow of money from India has been estimated at $104 billion as of December last year, according to a report of the Global Financial Integrity (GFI).