Thursday, Jul 07, 2022
Outlook.com

The Tax Mole Hunt

FM asks for details of Indian account-holders

The Tax Mole Hunt The Tax Mole Hunt

This is one story that has a sting in its spin, involving elision and deduction to subtly alter the facts. A section of the media went to town accusing the UPA government of not showing interest in information Germany reportedly possesses on rich and powerful Indians who have stashed away their ill-gotten wealth in the tax haven of Liechtenstein, a small Western Europe principality. A Delhi-based newspaper claimed, "The dope on hundreds of rich Indians who have black money parked in Liechtenstein could be made available to the authorities here as the German government...is willing to part with the names."

Three definite conclusions can be drawn from this statement—one, hundreds of Indians have parked money in Liechtenstein; two, their names are known to Germany; three, the UPA government has stonewalled Germany's offer to communicate the names of Indians to New Delhi. The newspaper further said the Indian chapter of Transparency International (TI), an independent body campaigning to reduce corruption worldwide, has "urged the government to take all necessary steps to seek the data".

Advertisement
Advertisement
Advertisement