India secretly brings back black money from foreign tax haven

Yusuf

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The title is a give away. If they had got even a rupee back they would have shouted about it from roof tops.

At least a part of it minus the "important" money would have been disclosed.
 

ejazr

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I was thinking from where the hell did 1400 lakh crore (USD $20 trillion+) come from given that even the US economy is not more than $14 trillion.

The most credible estimate of black money outflows is around $128 Billion USD or about 6.5 lakh crore INR made by GFI. And even all that money would not directly add to govt. coffers but only a percentage of that would be taxed to make the black money "white".

India lost $128 billion in illegal capital outflow - India - DNA
 

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