Tax havens where politicians park their billions
Tax havens where politicians park their billions
The world is witnessing a severe recession, jobs are vanishing with unemployment rates rising sky-high, major businesses are going under -- financially, none of us has experienced such hard times ever.
And now visualise the other side of the coin -- trillions of dollars stashed away safely in a tax haven, wealthy tax evaders -- politicians, as well as businessmen -- saving billions and getting richer. . .
How much 'dirty' money is there? Well, there is no exact figure, but the Organisation for Economic Cooperation and Development estimates that at least $11 trillion have been stashed away globally. That is roughly about Rs 5,55,50,000 crore!
India loses a great deal of tax money as firms and individuals park billions into tax havens the world over.
However, with the financial tsunami inundating the world, more and more countries are beginning to clamour for better tax conformity and transparency. Along with the United States and Japan, Germany and France too believe the offshore system not only deprives them of taxes, but also aggravates the financial crisis further.
The issue was dramatised by the case of UBS, the Swiss banking major, who in order to settle the charge that it promoted tax fraud, agreed to divulge the names of some 300 clients to the US. But US says it is yet to receive the names of another 47,000 (American) account holders suspected of tax evasion.
So check out the favourite nations where billions of dollars have been stashed away by the high and mighty.
THIS IS WORSER THAN HITLER'S GENOCIDE , THIS IS NOTHING BUT FINANCIAL GENOCIDE PERPETUATED BY THE MIGHTY RICH , SUPPORTED BY THE POLITICAL AND THE BUREAUCRATIC CLASS AND SUFFERERS ARE THE WORKING CLASS WITHOUT ANY SOCIAL SECURITY, WHY THE US AND THE WORLD SHOULD ASK AND TAKE ACTION ON ALL TAX HAVENS
Remember HITLER when he died did not have any personal property neither did he have sons or daughters running for elections even after so many years,what do we have
Motilal Nehru- Jawaharlal- Indira- Rajiv- Sonia - Rahul - Varun
Mulayam- Akhilesh
Pilots- Scindias- Pawars etc and the list goes on and the worst is that black glasses blind idiot called karunanidhi of DMK who has three wives and they have in turn two wives and their kids needs to be accomodated in T.N Assembly and Parliament
What A Sham! I Welcome Hitler anyday to create a massacre on these political and bureaucratic nincompoops
ASHWIN NALARI
The world is witnessing a severe recession, jobs are vanishing with unemployment rates rising sky-high, major businesses are going under -- financially, none of us has experienced such hard times ever.
And now visualise the other side of the coin -- trillions of dollars stashed away safely in a tax haven, wealthy tax evaders -- politicians, as well as businessmen -- saving billions and getting richer. . .
How much 'dirty' money is there? Well, there is no exact figure, but the Organisation for Economic Cooperation and Development estimates that at least $11 trillion have been stashed away globally. That is roughly about Rs 5,55,50,000 crore!
India loses a great deal of tax money as firms and individuals park billions into tax havens the world over.
However, with the financial tsunami inundating the world, more and more countries are beginning to clamour for better tax conformity and transparency. Along with the United States and Japan, Germany and France too believe the offshore system not only deprives them of taxes, but also aggravates the financial crisis further.
The issue was dramatised by the case of UBS, the Swiss banking major, who in order to settle the charge that it promoted tax fraud, agreed to divulge the names of some 300 clients to the US. But US says it is yet to receive the names of another 47,000 (American) account holders suspected of tax evasion.
So check out the favourite nations where billions of dollars have been stashed away by the high and mighty.
THIS IS WORSER THAN HITLER'S GENOCIDE , THIS IS NOTHING BUT FINANCIAL GENOCIDE PERPETUATED BY THE MIGHTY RICH , SUPPORTED BY THE POLITICAL AND THE BUREAUCRATIC CLASS AND SUFFERERS ARE THE WORKING CLASS WITHOUT ANY SOCIAL SECURITY, WHY THE US AND THE WORLD SHOULD ASK AND TAKE ACTION ON ALL TAX HAVENS
Remember HITLER when he died did not have any personal property neither did he have sons or daughters running for elections even after so many years,what do we have
Motilal Nehru- Jawaharlal- Indira- Rajiv- Sonia - Rahul - Varun
Mulayam- Akhilesh
Pilots- Scindias- Pawars etc and the list goes on and the worst is that black glasses blind idiot called karunanidhi of DMK who has three wives and they have in turn two wives and their kids needs to be accomodated in T.N Assembly and Parliament
What A Sham! I Welcome Hitler anyday to create a massacre on these political and bureaucratic nincompoops
ASHWIN NALARI
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