Black Money Outflows
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Over $ 510 Billion Black Money Outflow From India Between 2004-2013: US Report
India ranks fourth in black money outflows with a whopping USD 51 billion siphoned out of the country per annum between 2004-2013, a US-based think-tank's report said today.
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Outflow From Developing Nations a Matter of Concern: Sinha
Through transfer pricing mechanism, he said, multinationals move profits to low tax countries and tax havens, thus reducing their tax liability.
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Black money outflow from India at Rs 21 lakh crore in last decade: study
Total black money outflow from India was nearly $343 billion (nearly Rs 21 lakh crore at dollar/rupee value at 62) during 2002-2011, says a report. This puts India as the fifty largest exporter of illicit money, the report adds.
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India lost $123 billion in black money in a decade
India lost a whopping USD 123 billion in black money in 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report.
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Revenue dept prevented illegal outflow of Rs 66,085 cr: Pranab
Government's efforts to deal with the menace of black money helped in checking tax evasion as alert revenue officials prevented illegal outflow of over Rs 66,000 crore by MNCs during the last fiscal.
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Over $ 510 Billion Black Money Outflow From India Between 2004-2013: US Report
India ranks fourth in black money outflows with a whopping USD 51 billion siphoned out of the country per annum between 2004-2013, a US-based think-tank's report said today.
-
Outflow From Developing Nations a Matter of Concern: Sinha
Through transfer pricing mechanism, he said, multinationals move profits to low tax countries and tax havens, thus reducing their tax liability.
-
Black money outflow from India at Rs 21 lakh crore in last decade: study
Total black money outflow from India was nearly $343 billion (nearly Rs 21 lakh crore at dollar/rupee value at 62) during 2002-2011, says a report. This puts India as the fifty largest exporter of illicit money, the report adds.
-
India lost $123 billion in black money in a decade
India lost a whopping USD 123 billion in black money in 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report.
-
Revenue dept prevented illegal outflow of Rs 66,085 cr: Pranab
Government's efforts to deal with the menace of black money helped in checking tax evasion as alert revenue officials prevented illegal outflow of over Rs 66,000 crore by MNCs during the last fiscal.
