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 ..


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