How US nabbed its tax evaders
The Government of India is seriously considering declaration of amnesty for such of those Indians who have chosen to stash away moneys in foreign tax havens. It would appear that leading industrialists have been urging the Finance Minister to bring such an amnesty scheme so as to find funds for infrastructure development in India. Indian money secreted in offshore banks is estimated to be of the order of $1,456 billion.
Read Full Story>>