INDIA $1,456 BILLION
RUSSIA $470 BILLION
U.K. $390 BILLION
UKRAINE $100 BILLION
CHINA $96 BILLION
Now do the math's - India with $1,456 billion or $1.4 trillion has
more money in Swiss banks than rest of the world combined. Public loot
since 1947:
Can we bring back our money ? It is one of the biggest loots witnessed
by mankind - the loot of the Aam Aadmi (common man) since 1947, by his
brethren occupying public office. It has been orchestrated by
politicians, bureaucrats and some businessmen.
The list is almost all-encompassing. No wonder, everyone in India loots
with impunity and without any fear. What is even more depressing in that
this ill-gotten wealth of ours has been stashed away abroad into secret
bank accounts located in some of the world's
best known tax havens. And to that extent the Indian economy has been
stripped of its wealth. Ordinary Indians may not be exactly aware of how
such secret accounts operate and what are the rules and regulations that
go on to govern such tax havens. However,
one may well be aware of 'Swiss bank accounts,' the shorthand for
murky dealings, secrecy and of course pilferage from developing
countries into rich developed ones.
In fact, some finance experts and economists believe tax havens to be a
conspiracy of the western world against the poor countries. By allowing
the proliferation of tax havens in the twentieth century, the western
world explicitly encourages the movement of
scarce capital from the developing countries to the rich. In March
2005, the Tax Justice Network (TJN) published a research finding
demonstrating that $11.5 trillion of personal wealth was held offshore
by rich individuals across the globe.
The findings estimated that a large proportion of this wealth was
managed from some 70 tax havens. Further, augmenting these studies of
TJN, Raymond Baker - in his widely celebrated book titled
'Capitalism' s Achilles Heel: Dirty Money and How to Renew the
Free Market System' - estimates that at least $5 trillion have
been shifted out of poorer countries to the West since the mid-1970.
It is further estimated by experts that one per cent of the world's
population holds more than 57 per cent of total global wealth, routing
it invariably through these tax havens.
How much of this is from India is anybody's guess ...????
if India is doing like this the annual tern over will be less and our market will have to close down (BSE\NSE)
we have to trace out the black money when the polities have kept ? where there they use ? but they don't have correct tax details . all are illegal only...
RUSSIA $470 BILLION
U.K. $390 BILLION
UKRAINE $100 BILLION
CHINA $96 BILLION
Now do the math's - India with $1,456 billion or $1.4 trillion has
more money in Swiss banks than rest of the world combined. Public loot
since 1947:
Can we bring back our money ? It is one of the biggest loots witnessed
by mankind - the loot of the Aam Aadmi (common man) since 1947, by his
brethren occupying public office. It has been orchestrated by
politicians, bureaucrats and some businessmen.
The list is almost all-encompassing. No wonder, everyone in India loots
with impunity and without any fear. What is even more depressing in that
this ill-gotten wealth of ours has been stashed away abroad into secret
bank accounts located in some of the world's
best known tax havens. And to that extent the Indian economy has been
stripped of its wealth. Ordinary Indians may not be exactly aware of how
such secret accounts operate and what are the rules and regulations that
go on to govern such tax havens. However,
one may well be aware of 'Swiss bank accounts,' the shorthand for
murky dealings, secrecy and of course pilferage from developing
countries into rich developed ones.
In fact, some finance experts and economists believe tax havens to be a
conspiracy of the western world against the poor countries. By allowing
the proliferation of tax havens in the twentieth century, the western
world explicitly encourages the movement of
scarce capital from the developing countries to the rich. In March
2005, the Tax Justice Network (TJN) published a research finding
demonstrating that $11.5 trillion of personal wealth was held offshore
by rich individuals across the globe.
The findings estimated that a large proportion of this wealth was
managed from some 70 tax havens. Further, augmenting these studies of
TJN, Raymond Baker - in his widely celebrated book titled
'Capitalism' s Achilles Heel: Dirty Money and How to Renew the
Free Market System' - estimates that at least $5 trillion have
been shifted out of poorer countries to the West since the mid-1970.
It is further estimated by experts that one per cent of the world's
population holds more than 57 per cent of total global wealth, routing
it invariably through these tax havens.
How much of this is from India is anybody's guess ...????
if India is doing like this the annual tern over will be less and our market will have to close down (BSE\NSE)
we have to trace out the black money when the polities have kept ? where there they use ? but they don't have correct tax details . all are illegal only...
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