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714 Indians named in the ‘Paradise Papers’ for hiding Black Money in offshore Tax Havens

November 6,2017:

India ranks 19 in number of names out of a total of 180 countries represented in the Paradise Papers’ data.

Tax Evasion and Accumulation of Black Money       pic by youtube

International Consortium of the Investigative Journalists on Sunday released ‘The Paradise Papers’ which reveal the offshore interests and activities of more than 120 politicians and the world leaders.

The 13.4 million leaked files from the two firms Bermuda’s Appleby and Singapore’s Asiaciti and Company Registries in almost 19 tax havens were obtained by the German newspaper Süddeutsche Zeitung, and probed by ICIJ along with the 96 news agencies across the world.

According to data in Paradise Papers, Queen Elizabeth II’s private estate indirectly invested in a rent-to-own loan company accused of the Predatory tactics.

At least 13 allies, major donors and the Cabinet Members of U.S. President Donald J. Trump appear, including the Commerce Secretary Wilbur Ross’s interests in a shipping company that makes the millions from an energy firm whose owners include Russian President Vladimir Putin’s son-in-law and the sanctioned Russian tycoon.

According to a report by Indian Express, whiIndia ranks 19 in number of names out of the 180 countries represented in Paradise Papers’ data was also one of agencies to probe 13.4 million files.

There are 714 Indians in the list.

Leaked files from Appleby, Offshore Law Firm, also include details of the tax planning by nearly 100 multinational corporations, including The Apple, Nike and Uber.

ICIJ had in 2016 released Panama Papers which was an investigation of 11.5 million files leaked from database of world’s fourth biggest offshore law firm, Mossack Fonseca.

Related News @ Latest Laws- 

22.12.2016 –   Only 1% Indians pay Income Tax while 95% of remaining do only cash transactions & aid Black Money accumulation

15.11.2016 – Supreme Court supports PM Modi: Refuses to stay Demonetisation drive to contain Black Money

13.11.2016 – PM Modi: Just give me 50 days, I will loot the Black Money accumulated over 70 years, as Nation needs it for the Poor

12.11.2016- Demonetization of Rs.500/1000 Notes: Now Payment of Court Fees by Litigants exempted by Govt.

9.11.2016 – Supreme Court petitioned against PM Modi’s war against Black Money

8.11.2016 – PM Modi’s Surgical Strike on Black Money: All Rs 500, Rs 1000 Bank notes withdrawn

20.10.2016 – Income Tax raid on Delhi Lawyer discloses Rs. 125 Crore Black Money

13.10.2016 – How Income Tax Laws allowed One Man to stash Rs.10,000 Crore Black Money, questions Chandrababu Naidu

14.7.2016 – Justice M B Shah led SIT on Black Money want complete ban on cash transactions above Rs 3 lakh

14.4.2016- Supreme Court: We can not act on mere suspicion that Black Money is being made White illegally

4.4.2016- Panama Papers Scam: Country’s Wealth siphoned off illegally, Modi Govt. form Multi Agency Team with RBI, CBDT for probe

26.5.2015- Black Money: FM delighted as Swiss Banks reveal Account Holder’s names

17.12.2015- Supreme Court expounds- Jail a Rule and Bail an exception for Financial Scamsters and Money Laundrers

13.5.2015- Cabinet clears bill to check benami transactions aimed at curbing domestic black money

13.5.2015- Parliament clears Black Money Bill

18.4.2015- New I-T return forms to curb black money

13.4.2015- Black money: U.N. meet endorses India’s concern

29.3.2015- Arun Jaitley, New Law to tackle Black Money

Source - ptinews.com

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