Black money in Switzerland and other tax havens

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These numbers are too low it is estimated anywhere between 4-10 TRILLION DOLLARS!!!!!!!!!!!!
 
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India has more money in Swiss banks than all other countries combined - Economic Times

India has more money in Swiss banks than all other countries combined


India has more money in Swiss banks than all other countries combined. Russia comes second with four times lesser deposits. US doesn't feature in the top five. If the money stashed in foreign banks is brought back, an estimate says, the country's roughly 45 crore poor can get Rs 100,000 each.

If this money comes back, India can repay its entire foreign debt. If this surplus is invested, interest from it will be more than our annual budget. 80,000 people travel to Switzerland every year, of them 25,000 travel very frequently.

SHOCK STATS

India lost $462bn in illicit flows from 1948 to 2008 India's black economy estimated at 50% of India's GDP, or about $640bn (end-2008 figures). Total value of illicit funds abroad represents about 62% of the size of India's underground economy.
 

Parthy

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List of REAL Black Money Holders from Wiki-leaks



If you accumulate only these names, then calculate in US Dollar then, it will come down to ---

******* USD 1.14 TRILLION Dollars ***********

**** Moreover, it is speculated that Rajeev Gandhi's Account is covertly active by Sonia Gandhi.. and its a HUGE SUM of Money.. almost 2 Lac Cr (~ 45 Billion US Dollars)*********

Now, most of the amount is being transferred slowly slowly to other banks..
 

Vyom

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thakur_ritesh

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List of REAL Black Money Holders from Wiki-leaks



If you accumulate only these names, then calculate in US Dollar then, it will come down to ---

******* USD 1.14 TRILLION Dollars ***********

**** Moreover, it is speculated that Rajeev Gandhi's Account is covertly active by Sonia Gandhi.. and its a HUGE SUM of Money.. almost 2 Lac Cr (~ 45 Billion US Dollars)*********

Now, most of the amount is being transferred slowly slowly to other banks..
did they release the next list?

what about the claim that majority of the black money from india to swiss banks is routed through pakistan, how is that possible?

total comes to rs15,67,265cr (348.28b usd)
 

Vyom

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Assange said he would release the names of the Indian holding the Swiss bank accounts. Whatever happened to that.
 

Daredevil

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List of REAL Black Money Holders from Wiki-leaks



If you accumulate only these names, then calculate in US Dollar then, it will come down to ---

******* USD 1.14 TRILLION Dollars ***********

**** Moreover, it is speculated that Rajeev Gandhi's Account is covertly active by Sonia Gandhi.. and its a HUGE SUM of Money.. almost 2 Lac Cr (~ 45 Billion US Dollars)*********

Now, most of the amount is being transferred slowly slowly to other banks..
This is fake news. If it were indeed released by Wiki-leaks there would be a document on Wikileaks site or at least a main steam news paper would have published.
 

Parthy

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Yes, but it says:

That is why asked for source.
I surfed a bit deep; some sites says that's the latest release of wikileaks and some says it's a fake image.. will post more details once I got some more genuine info on it..:confused: apologies if the previously posted info is wrong..
 

Galaxy

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India starts getting banking info from Switzerland

India starts getting banking info from Switzerland

New Delhi, November 08, 2011

The finance ministry on Tuesday said it has started receiving banking and tax-related information from Switzerland following revision of a tax treaty, a development that will help India in combating the black money menace and bring back funds stashed abroad. "We are getting information from Switzerland...they will also provide information regarding tax-evasion cases," a senior finance ministry official said.

India and Switzerland had signed a protocol in August last year seeking to revise the Double Tax Avoidance Agreement (DTAA).

The European nation, the official said, has communicated to India that all legal requirements and procedures for giving affect to the protocol had been completed.

Geneva has also communicated to New Delhi, "The protocol comes into affect from October 7, 2011 and now it would be possible for India to obtain banking information in special cases from Switzerland commencing from April 1, 2011".

On a query whether Swiss authorities would provide more information on 700 bank accounts allegedly held by Indians in HSBC Bank, Geneva, Swiss Ambassador to India Philippe had said on Monday that his Government would respond to all legitimate requests by India.

As per the treaty, both the governments are entitled to release data in cases which has been defined in the treaty, the Ambassador had said.

Currently, the Indian government is looking into looking into details of Swiss bank accounts provided by French authorities.

As per a Swiss National Bank data, Indians held Rs 9,295 crore in 2010 in banks of Switzerland.

India has been trying to combat the menace of black money and bring back the illegal funds stashed abroad.

Besides taking various steps at home, India has been negotiating and re-negotiating tax treaties with several countries and tax havens.

It has also taken up the issue of tax havens at international fora like G-20 and persuaded the world leaders to take up its concern globally.

India starts getting banking info from Switzerland - Hindustan Times







 

W.G.Ewald

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I think all Swiss bankers look like this.

 
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The Hindu : News / National : "I want PM to demonstrate political will on black money"

"I want PM to demonstrate political will on black money"

He claimed that the government had a list of people who have kept money in foreign banks. "We don't want the names of those people, but at least disclose the amount. What is the problem in it? Why is the Government so reluctant?" said Ramdev, who estimated it to be to the tune of 40 trillion rupees.
 

natarajan

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sure it will have karunanidhi,raja,jayalalitha,sonia,maran brothers,ambani brothers,chidambaram,mulayam,lalu,rabri devi,mamta ,abdullah family,robert husband of priyanka,rahul gandhi,and others
If we recover money of the above mention persons ,its enough for india to become regional power surpassing china
 

Blackwater

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what a great and beautiful country Switzerland.surviving on world black money:thumb::thumb::wave::wave::laugh:
 

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