Baba, here's a Dummy's guide to black money & tax havens
Description
The present value of illegal financial flows held abroad is nearly $500 bn. That's nearly 35-40% of our GDP. Baba Ramdev and Anna Hazare are on the right track about corruption and black money, but whether a fast will get the money back fast is anyone's guess. Baba Ramdev wants it back, or else.... The government claims it is on the trail, but.... Anti-corruption crusader Prashant Bhushan works up a lather over it and even lambasted a former Supreme Court judge recently for upholding a law that enabled businessmen to save taxes by registering themselves with post-office addresses abroad. Business tycoons are mum on the subject. Read more at: https://www.firstpost.com/business/baba-heres-a-dummys-guide-to-black-money-tax-havens-19655.html
Copyright Date
June 2011
Publication Date
3-6-2011
Publication Title
First Post
Publisher
Network 18 media conglomerate
Keywords
Black money, Tax havens, Taxation, Corruption
Source Link URL
https://www.firstpost.com/business/baba-heres-a-dummys-guide-to-black-money-tax-havens-19655.html
