Why Should India Focus on Collection of Taxes?

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

Improving tax evasion forum

Sep 29, 2010 By Jonathan Kwok A GLOBAL forum to implement better standards on exchanging tax data has attracted more members but it now needs to work to prove to international observers that it is effective. That is the view of Mrs Lim Hwee Hua, Minister in the Prime Minister's Office and Second Minister for Finance and Transport, who addressed the body's annual meeting here on Wednesday. Mrs Lim told the Global Forum on Transparency and Exchange of Information for Tax Purposes that the organisation has become more inclusive and representative. It now has 95 member jurisdictions compared with 87 a year ago.'The Global Forum allows all members, whether big or small, developed or developing, to participate on an equal footing,' she said.'Members are held to a consistent set of expectations with regard to the implementation of a common and internationally agreed standard for the exchange of information. 'The forum was established in 2000 and radically restructu
Read more