The amnesty and disclosure schemes are in fact incentive to the economic offenders. They go on indulging in tax evasion and acts like parking black money in safe havens eagerly waiting for some disclosure or amnesty scheme. They know that the government comes with such schemes from time to time. Hence, why pay taxes honestly and not wait for some amnesty scheme.
The latest disclosure scheme is for those who have parked money abroad in safe havens.
http://www.hindustantimes.com/Disclosure-scheme-for-foreign-assets-soon/Article1-745844.aspx
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Topic Author
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Gulshan Kumar Ajmani
@gkajmani
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Thursday, 15 September 2011 08:23
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Tuesday, 30 November -0001 00:00
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