LET US clarify the black money issue : there are three kinds of money slashed in foreign banks :
1 black money : this money is just kept away in faraway lands to evade taxation by India. This is fiscal fraud.
2 Another kind of black money : the source is unknown and how one has earned it not clear; coming from illegal activities , the culprits are not just businessman cum tax evaders but corrupt politicians, drug sellers and dangerous guys who earn by criminal means.
3. The third kind is those who pay their tax in India for the money they want to invest in a foreign bank thinking they may get more interest . This money may amount to crores but it is our capitalistic system which creates leagal millionaires and billionaires and they want to place their money where it gives them more return on investment.
conclusion : the first man is to be fined ; the second man is to be punished by a Judge after thorough investigation.
The third man should just be left free and untroubled because if you disturb him, your industrial units will run out of money and your sons and in laws and perhaps you will loose your jobs !
1 black money : this money is just kept away in faraway lands to evade taxation by India. This is fiscal fraud.
2 Another kind of black money : the source is unknown and how one has earned it not clear; coming from illegal activities , the culprits are not just businessman cum tax evaders but corrupt politicians, drug sellers and dangerous guys who earn by criminal means.
3. The third kind is those who pay their tax in India for the money they want to invest in a foreign bank thinking they may get more interest . This money may amount to crores but it is our capitalistic system which creates leagal millionaires and billionaires and they want to place their money where it gives them more return on investment.
conclusion : the first man is to be fined ; the second man is to be punished by a Judge after thorough investigation.
The third man should just be left free and untroubled because if you disturb him, your industrial units will run out of money and your sons and in laws and perhaps you will loose your jobs !
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