Bring Black money of india From Tax Haven

Black money estimated at Rs 70 lakh crore, Resident Indians had deposits between $0.5 and $1.4 trillion in Swiss banks.

Too many senior politicians maintain secret accounts in tax havens overseas

Quoting the Swiss Banking Association report of 2006-07, which placed India at the top of five countries - including Russia, Britain, Ukraine and China - Reddy said, "if equally distributed, each Indian will get 100,000 rupees [2,000 dollars]."

For Indian depositors the most popular tax haven is Switzerland. Some 80,000 people travel to that country from India each year. "Typically, money is moved through the ‘hawala’ system [informal banking channels] by deft accounting




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