Why Should India Focus on Collection of Taxes?

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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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The letters

The Guardian (Nigeria), May 7, 2010 SIR: Several years ago, the United Nations Industrial Development Organisation (UNIDO) reported that about $107 billion of Nigerian money was held in private accounts and assets in the United States and Europe. More recently, the Global Financial Integrity (GFI) think tank showed that Nigeria lost $89.5 billion in illegal outflows to developed nations, between 1970 - 2008. The other week, Nigerian newspapers published the names of 80 prominent Nigerians who were alleged to have partaken in the Halliburton N27 billion NLNG bribe. Included in this list, are four former heads of state, to former first ladies, a former vice president and 74 other prominent compatriots from every region of Nigeria. These reports beg the questions: Is the arrest and prosecution suspected of corruption the only tool capable of checking and ameliorating the plague of corruption in the past 50 years? Is it realistic to believe that any Nigerian government in the near future...
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IPL: A garden variety of scam IPL

4 May 2010, 0554 hrs IST,J Raipura, Skeletons are supposedly tumbling as the income-tax authorities and investigative journalists with unnamed sources are probing the Indian Premier League. First, the easy targets. Match-fixing , for starters. Nobody seems to be asking who are involved. And where is any evidence to conclude the allegation to be prima facie worth investigating? Nobody is suggesting that Indian cricket is all clean. But it's easy to make wild allegations and claim immunity from having to prove anything as ‘just about everybody knows' . Move to ‘betting' . It is rumoured that thousands of crores are wagered on every single IPL match and that it is a transnational industry . What is, per se, wrong with betting other than the fact that it has not been legalised to collect some taxes? Betting on horses is legal. We have had single-digit lotteries conducted by state governments. Casinos are a rage world over. Instead of acknowledging our desire to gamble and p...
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