Category Black Money and Tax Havens
The absurdity of Personal Income Tax Declarations: Tycoons pay peanuts
On 06th October 2016 Let us call it as Z Family – One of the richest in the country Relationship Income AY 2013-14 Tax paid Mother Rs.1.6 Crores Rs.34 Lakhs Elder Daughter in law Rs.4.45 Lakhs Rs.25228 Elder Son Rs.15.40 Crores Rs.4.44 Crores Younger Son Rs.10.23 Crores Rs.3.12 Crores A whistleblower from Income Tax (ITO) […]
Panama Papers
The Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca located at Panama. The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ). The ICIJ then shared them with a […]
Letter From the Embassy of Ecuador
Letter to Prof R Vaidyanathan
#BringBackBillions on how to recover Black Money stashed away in Tax Havens- 8
https://www.pgurus.com/india-can-quickly-recover-money-from-tax-havens/ India can quickly recover money from Tax Havens By moving quickly and decisively, India can bring money stashed away in Tax Havens The story thus far… In a speech Dr. Swamy gave at the Indian Merchants Chamber, Mumbai on June 16, 2016, he talked about the four ways in which the Black Money stashed […]
BringBackBillions Part 8 – How should India proceed to get back billions from Tax Havens
India can learn from the mistakes of Philippines, Egypt and Libya on recovering illegal money stashed in Tax Havens How can India retrieve stash from Tax Havens Graphic courtesy WorldPropertyJournal.com This is Part 8 of our series on #BringBackBillions, the efforts of different countries in bring back money stashed in Tax Havens. Posts 1..7 can […]
BringBackBillions Part 7 – Recovery process after Gaddafi
According to CelebrityNetWorth.com, Gaddafi was able to build his massive personal wealth thanks to a violent and domineering control over Libya’s natural resources. Libya has the largest supply of oil in Africa and the tenth largest in the world. Gaddafi used Libya’s oil to print money for 40 years! During that time he spread his […]
BringBackBillions Part 6 – How Gadhafi looted Libya
In Part 1, we described the approaches that can be used to bring back Black Money. Part 2 described how Marcos looted Philippines. In Part 3, we discussed the efforts of the Philippines Government in bringing back the money of Marcos. The next two segments, Part 4 and Part 5 detail how Mubarak amassed his […]
BringBackBillions Part 5 – Recovering the wealth of Mubarak
January 25th holds special significance for Egypt. It was the day on which in 1952 British troops massacred police officers in Ismailiya, a town midway along the Suez Canal. On January 25th 2011, using Social Media (especially Twitter hash #Jan25), sites for demonstration were announced and crowds started gathering at various locations. Massive crowds congregated […]
BringBackBillions Part 4 – Egypt and its missing billions
In Part 1, we described the approaches that can be used to bring back Black Money. Part 2 described how Marcos looted Philippines. In Part 3, we discussed the efforts of the Philippines Government in bringing back the money of Marcos. The next two segments detail how Mubarak amassed his fortunes and the efforts of […]
BringBackBillions Part 3 – Recovery using PCGG
In Part 1, we described the approaches that can be used to bring back Black Money. Part 2 described how Marcos looted Philippines. When Corazon Aquino succeeded Marcos as the President, the very first executive order she issued was the establishment of the Presidential Commission on Good Government, the PCGG. It was to recover “all […]
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