4 ms·
I would imagine that most of the wealthy Indian tax evaders have their money in Swiss bank accounts rather than large stacks of rupee banknotes hidden in their
by twblalock 10y ago
I would imagine that most of the wealthy Indian tax evaders have their money in Swiss bank accounts rather than large stacks of rupee banknotes hidden in their basement.
- intended 10y agoMost wealthy tax evaders have long since brought their money back and laundered it already. Tax Windows have been open for a long while, people seem to forget that there's been multiple amnesty Windows, the oldest being in the 90s iirc (could be late 80s).
- abraham_s 10y agoThere was a amnesty window open a few months back. I recall seeing an ad for a no questions asked amnesty with 50% and so tax rate.
- abraham_s 10y agoYes. This is going to affect tax evaders on a lower spectrum of wealth. Those who aren't wealthy enough to have offshore accounts. Even that is a step forward.