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 […]
Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (₹7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose […]
Of the 68 billionaires in India, at least 30 reside in Mumbai, making India’s financial capital 26th on the list of 100 global cities surveyed in the Knight Frank Wealth Report 2015. While in the next 10 years only USA, China and Russia are predicted to have more billionaires […]
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 […]
‘Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.’ The Paradise Papers released November 5, just three days ahead of the first anniversary of demonetisation, named 714 Indians who allegedly dodged paying taxes in India. While the […]
Rich Indians love to park their wealth offshore, away from t .. Read more at:https://www.businessinsider.in/panama-papers-leak-the-13-tax-havens-where-rich-indians-stash-their-money/articleshow/51210104.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Credit: Business Insider April 4, 2016
New Delhi:Unaccounted wealth outside the country held by Indians was estimated in the range of $216.48 billion to $490 billion over various periods between 1980 and 2010, according to three separate studies conducted by three premier institutes — NIPFP, NCAER and NIFM. The studies conducted by the three […]
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