Tax Havens

  • Super rich hold $ 32 trillion in offshore havens July 23, 2012

    London: Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts -...
  • Govt aims to finalise GAAR by end September July 14, 2012

    New Delhi: The Government aims to finalise guidelines to implement controversial rules that target tax evasion by the end of September, its government said on Friday, as it aims to calm worried investors. The general anti-avoidance rules (GAAR), first introduced in the budget in March this year, target firms and investors...
  • White paper on black money likely to be tabled today May 21, 2012

    New Delhi: As the UPA II completes three tumultuous years - Finance Minister Pranab Mukherjee is likely to table a white paper on black money in Parliament on Monday - crucially the report is unlikely to favour any amnesty for tax evaders. The paper is likely to give a comprehensive strategy...
  • Pranab likely to table White Paper on black money May 20, 2012

    New Delhi: Finance Minister Pranab Mukherjee is likely to table the White Paper on black money in Parliament on Monday. The tabling of White Paper by the Finance Minister figures in the list of business of the Lok Sabha for Monday. Reports say it will provide information about the steps that...
  • White Paper on black money likely on Monday May 19, 2012

    New Delhi: Finance Minister Pranab Mukherjee is likely to table the 'White Paper' on black money in Parliament on Monday. The tabling of White Paper by the Finance Minister figures in the list of business of the Lok Sabha for Monday. "I will try to give all the relevant and...
  • India brings back black money from tax haven April 1, 2012

    New Delhi: The Indian government's best kept secret for the past one year is out. The embattled Congress-led United Progressive Alliance (UPA) government is sitting on the financial coup of the century. The content of a set of highly sensitive documents from the Finance Ministry could not only salvage the...
  • Anti-graft activists to file black money case abroad November 3, 2011

    New Delhi: A group of anti-corruption activists led by Subramanian Swamy will file a complaint with CBI seeking registration of a case against unnamed persons with regard to black money stashed away in tax havens. Swami, who heads an Action Committee against corruption in India (ACACI), said registration of an...
  • Share past banking info: India to tax havens June 13, 2011

    New Delhi: The world community should pressurise tax heavens to share past banking information, as information shared from a prospective date won't serve the desired purpose, Finance Minister Pranab Mukherjee said on Monday. "While the countries have accepted to end bank secrecy in general, some countries have agreed to do so...
  • ED readies to nail tax defaulter Hasan Ali today March 11, 2011

    Mumbai: A sessions court is likely to decide on Friday whether to extend the remand of India's top known tax evader Hasan Ali Khan in the black money investigation case. Hasan Ali has been charged with laundering black money to tax havens overseas. The Enforcement Directorate has asked for a 14-day extension,...
  • Paltry figures appear in first black money list February 5, 2011

    New Delhi: One list, which generated excitement and mystery, was the names of Indians who had stashed black money in LGT Bank in the tax haven of Liechtenstein. Two years back, Germany had handed over names and bank account details of 26 Indian who had stashed their alleged black money...