Category: Black economy

if Indian money deposits have dipped in Swiss banks and if we assume this was all black money, where did all this money go,

On Tuesday, in a reply to Parliament, Union Finance Minister Piyush Goyal said between 2014 and 2017, there was an 80 percent decline in the total deposits by Indians in Swiss banks, adding media was misinterpreting this data before. The context for Goyal’s statement were earlier reports of […]


Where the rich stash their cash

Nick Mathiason on a new study that reveals the amazing wealth the super-rich hold in offshore tax havens – depriving governments of hundreds of billions of dollars – and the looming crackdown by the world’s tax collectors Rupert Murdoch last week floated his family’s £3.8 billion personal investment […]