Dealing with domestic black money is the need of the hour

Description

Whenever there is a discussion on black money, there is a genuine mix up about domestic black money and black or illicit money kept by Indians in tax havens. These two needs to be dealt in different ways. Some part of domestic black money is used in productive activities like real estate, trade, construction, mining, transport, and restaurant businesses. The illicit money kept in tax havens is by and large not used for domestic purposes unless it is round tripped through share markets or Foreign Direct Investment (FDI) to the domestic operations. In other words, domestic black money is a no confidence motion on the Government of India while illicit money kept abroad is a no confidence on India itselfits stability and its people. Read more at: https://rvaidya2000.com/2014/01/02/dealing-with-domestic-black-money-is-the-need-of-the-hour/

Publication Date

2-1-2014

Publication Title

Niticentral.com

Keywords

Corruption, Balck money, Illegal money, Taxation, Tax haven, Foreign jurisdictions, Investment

Source Link URL

https://rvaidya2000.com/2014/01/02/dealing-with-domestic-black-money-is-the-need-of-the-hour/

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