News Item of Black Money





































































Comments

Post a Comment

Popular posts from this blog

Enforcement Directorate directed to give details of Swiss bank a/c

Published: Sunday, Oct 10, 2010, 0:18 IST By Mayank Aggarwal Place: New Delhi Agency: DNA Observing that Indian citizens are keen to know about the amount of black money stashed away in foreign banks, a full bench of the Central Information Commission (CIC) has directed the Enforcement Directorate (ED) to reveal “an estimate of the total volume of such money involved in the investigations they are presently conducting.” The decision came on an application filed by a VR Chandran who had asked if the “union finance ministry is aware of the existence of such secret accounts of Indian citizens in Swiss banks amounting to 1456 billion US dollars.” He had also asked for action to be taken in order to find the identity of the account holders, list of depositors, action contemplated if deposits are illegal and if the Indian government had asked the Swiss authorities for repatriating the illegal money. But when ED — the government’s principal agency to check and undo illegal stashing away of...
Read more

Italian Tax Crackdown

Over 2,000 Italians probed in new tax crackdown Reuters, February 26, 2010 ROME - Italy is investigating more than 2,000 citizens who stashed money abroad to evade taxes in the country's latest bid to recoup billions of euros hidden in offshore havens, the tax agency said on Friday. Italy, whose economy shrank nearly 5 percent last year, is one of several European countries under pressure to raise tax revenue and support their economies hit hard by the global financial crisis. The Italians being probed transferred more than 2 billion euros ($2.7 billion) abroad to tax havens between 2007 and 2008, the agency said, adding most were from northern or central Italy. The offensive follows a successful Italian tax amnesty that prompted Italians to declare 95 billion euros illegally held overseas, almost all of it repatriated to Italy. Italy is expected to reap a further 30 billion euros after extending the amnesty to April. The move comes as European governments step up the fight ...
Read more