Arun shourie on 'Black Money of India"

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Jethmalani links Sonia to illegal funds in tax havens

Publish Date: Friday,3 September, 2010, at 12:36 PM Doha Time Former federal law minister Ram Jethmalani yesterday alleged several leaders of the ruling Congress Party had illegal funds stashed in foreign tax havens.The Rajya Sabha MP of the Bharatiya Janata Party (BJP) said that huge amounts of money stolen by criminal offenders from the pockets of poor people of India were hidden in foreign banks. “It is increasingly certain that bigwigs of the Congress are involved in these grave crimes, including (party chief) Sonia Gandhi and her son (Rahul),” Jethmalani alleged.He said that the latest protocol with the Swiss government was a further attempt to blockade the acquisition of information about these highly influential criminals.“The protocol does not even make sense. The double taxation treaty has nothing to do with the present situation,” Jethmalani said. India said on Tuesday a tax pact signed with Switzerland should help the government track illicit funds parked in Swiss bank ac...
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Switzerland to share data on black money if...

Switzerland on Thursday said it would share data of black money allegedly stashed away by Indians in Swiss banks in accordance with the tax treaty between the two countries. "The release of data shall be in accordance to the provisions of the double taxation (avoidance) treaty between the two countries," Switzerland [ Images ] Ambassador Philippe Welti told reporters on a query about Swiss government's stance on providing information about money from India [ Images ] stashed in Swiss banks. Both countries have completed talks on revising the existing double tax avoidance agreement to seek information on black money. Welti said, "The dialogue on revision has been in very specific direction that is to add tax frauds case as a qualification for request and also tax evasion cases to qualify for the release of data." "Some other countries have also made similar requests, and negotiations have taken place, say two or three rounds so far and they have found ag...
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