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Money stashed abroad is not always the money, which has been evaded from payment of
taxes. Drug lords, terrorists groups, gangsters all over the world, along with International
Syndicates also keep their money in safe heavens, where they can lay their hands on it in times of
need for their operational purposes. There is no mechanism with the Government to determine and
say with cent per cent surety that the money hoarded abroad is only the one that has been evaded
from payment of taxes and not the other crime linked cash. The Revenue Department and other
agencies of the Government like the RAW and State Trading Organisations have their offices
abroad. There is no common mandate to them to report any suspicious transactions by the Indians
either visiting or staying abroad.
The stark truth is that the black money is the result of high level corruption prevailing in
our country. The schemes meant for the poor, even as per the Government reports, are not
implemented and the money siphoned off. Even laws permit every criminal whether in jail or on
bail to hide their names and crimes and create false alibis. But, here the Government is creating
alibis for those people whose names have been received and disclosed as the persons who are
having cash, which is got illegally and is not from any known legal sources. They have stashed
this cash in safe tax heavens abroad. Even the Supreme Court, the Apex Court of India, says that
nothing moves without bribery in India.
A good and alert cop even on a tourist visa can spot Indians roaming about and visiting
these safe tax heavens on Swiss banks. The rest of the job of tracing the flight of black money
from India can be done locally provided the Government has the will. So far, the Government has
been making excuses, some tenable and some untenable. Unfortunately, no Government
irrespective of the party in power has taken even a genuine small step to stop the generation and
flight of black money from India, forget about getting the black money back.