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Moneylife » Economy & Nation » Taxation » Tax evasion: The farce continues

Tax evasion: The farce continues

    • Nagesh Kini Fca
    • Adi Daruwalla
    • Adi Daruwalla
    • Rnandakumar
    • Nagesh Kini
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Sucheta Dalal | 30/06/2011 09:27 PM | 

Who says the government wants to go after black money stashed abroad?

The fact that at least 18 Indians have nearly Rs44 crore stashed in Liechtenstein, a tiny European tax haven, was known and reported by the media way back in early 2008. Their names were among the 1,400 that a bank official sold to tax authorities in Germany and other countries. While countries like the US, the UK, Australia, Germany and Italy immediately initiated action, India has been moving at a snail’s pace. In the three intervening years, mounting pressure from activists and opposition parties to bring ...


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