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This is a big story in Indian news today. The current prime minister, Narendra Modi was elected partly because he promised to bring black money that was stashed
by kshatrea 12y ago
This is a big story in Indian news today. The current prime minister, Narendra Modi was elected partly because he promised to bring black money that was stashed abroad, back to the country. A Herculean task and one that he hasn't done much about so far.
It interests me how this information can be used against the relevant people. Will it be a mere name-and-shame or can they use a leaked source in a court of law? I don't think so.
People in many countries avoid taxes and in India this is especially egregious since close to 97% of the population does not pay any income taxes[1]. For a population of 1.25 billion with 400m below the poverty line, this is not good.
[1] http://articles.economictimes.indiatimes.com/2013-11-04/news/43658577_1_lakh-crore-big-data-tax-collections http://articles.economictimes.indiatimes.com/2013-11-04/news...
- bottled_poe 12y agoCan leaked documents constitute probable cause? If so, further warrants could be obtained to investigate account holders.