Black money and tax havens / R. Vaidyanathan.
Material type:
TextLanguage: English Publisher: Gurugram, Haryana, India : Penguin Random House India, 2023Edition: Updated edDescription: xii, 184 pages : illustrations (black and white), maps (black and white) ; 21 cmISBN: 9789386850072; 9386850079Subject(s): Tax evasion -- India | Tax evasion -- Law and legislation -- India | Black market -- IndiaDDC classification: 364.0954 Summary: Just how much black money is there in India?
Estimates vary from 10 per cent to 20 per cent of our GDP. Conservatively, Rs. 15 lakh crore (10 per cent of Rs. 150 lakh crore, our GDP in 2016-17).
As for Indian money in tax havens around the world? Around Rs. 65 lakh crores. Truly astounding figures.
Black money or kala dhan is a topic that has elicited much debate in recent times. The debate has been mostly marked by mud-slinging and name-calling and the discussions that have ensued often have no basis in fact. While most people have a hazy notion of black money, only a few understand it in its entirety.
The issue of tax havens is perhaps even more misunderstood. Most people fail to see the connection between tax havens and black money. Black Money and Tax Havens is the first work that discusses both of these issues in depth and offers a 360-degree view to the readers.
In this work, Prof. R. Vaidyanathan provides the reader with a brief overview of black money—its generation, its estimates and how and why it is spirited away to tax havens. He also lays bare the danger that is posed to world financial well-being on account of the lack of political will to tackle them. A unique and timely work that packs in much information in an accessible manner.
| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| Books | Institute of Public Enterprise, Library S Campus | 364.0954 VAI (Browse shelf) | Available | 47908 | |
| Books | Institute of Public Enterprise, Library S Campus | 364.0954 VAI (Browse shelf) | Available | 48340 |
Includes bibliographical references (pages 175-184).
Just how much black money is there in India?
Estimates vary from 10 per cent to 20 per cent of our GDP. Conservatively, Rs. 15 lakh crore (10 per cent of Rs. 150 lakh crore, our GDP in 2016-17).
As for Indian money in tax havens around the world? Around Rs. 65 lakh crores. Truly astounding figures.
Black money or kala dhan is a topic that has elicited much debate in recent times. The debate has been mostly marked by mud-slinging and name-calling and the discussions that have ensued often have no basis in fact. While most people have a hazy notion of black money, only a few understand it in its entirety.
The issue of tax havens is perhaps even more misunderstood. Most people fail to see the connection between tax havens and black money. Black Money and Tax Havens is the first work that discusses both of these issues in depth and offers a 360-degree view to the readers.
In this work, Prof. R. Vaidyanathan provides the reader with a brief overview of black money—its generation, its estimates and how and why it is spirited away to tax havens. He also lays bare the danger that is posed to world financial well-being on account of the lack of political will to tackle them. A unique and timely work that packs in much information in an accessible manner.
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