A study conducted by a Proffessor of IISc Bangalore has revealed that 56% of the black money deposited in Swiss Bank belongs to our Indians.
The amount is approximately estimated to be 746lakhs crores.
All these moneys are earned by the people who have involved in corruptions of all types,selling drugs and other activities.
It is believed by the today's world that these moneys are responsible for all the evil activities carried through out the world.
NEW DELHI: Prime Minister Manmohan Singh on Friday told the Lok Sabha that the government has identified 20 countries where Indians could have
parked black money. He also said that the government would soon sign agreements with these nations for unearthing black money.
Referring to BJP leader L K Advani’s speech in the Lok Sabha that raised the issue of money deposited abroad, Mr Singh said: “Twenty countries and jurisdictions have been prioritised for entering into agreements regarding exchange of information and assistance in the collection of taxes.”
Replying to a debate on the motion of thanks to the President’s address in the Lok Sabha, he said negotiations have been completed with the Bahamas and Bermuda and “steps are being taken for signing of agreements.” The government has also approached Switzerland for “renegotiation of our tax treaty so that we can have access to bank information,” Mr Singh said.
Noting that negotiations with Switzerland were held in November 2009, he said: “The matter is being pursued for finalising a new protocol through which we will be able to obtain information in specific cases.”
The prime minister said India was an active participant in global fora for improving transparency and exchange of information on tax matters.
http://economictimes.indiatimes.com/news/politics/nation/India-identifies-20-nations-where-black-money-is-parked/articleshow/5649148.cms
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