Thursday, March 03, 2011

How much black money stashed in swiss banks ?

Black money in Swiss banks — Swiss Banking Association report, 2006
details bank deposits in the territory of Switzerland by nationals of
following countries:

Top five
India—- $1,456 billion
Russia —$ 470 billion
UK ——-$390 billion
Ukraine - $100 billion
China —–$ 96 billion

Now do the maths - India with $1456 billion or $1.4 trillion has more
money in Swiss banks than rest of the world combined. 


We are no 1 in the world in terms of dishonesty .. The black money stashed is 1.2 times our GDP. It is the sum total of black money from all other countries combined..

What a shame ..? The govt needs to bring this money and stop looking at it as just a tax non-compliance issue ..

ge..

No comments:

Post a Comment

Some more aspects of BPR ..

These slides give some very vital aspects of BPR. It helps us to demystify the common misconceptions of BPR in the ...

My popular posts over the last month ..