Black money: In dialogue with Swiss officials, says Pranab

July 15th, 2009

Indian Express

Finance Minister Pranab Mukherjee on Tuesday said that New Delhi has initiated a dialogue with Swiss authorities to obtain information on Indian black money stashed away in banks there — an issue that had raised much political heat during the elections with BJP leader L K Advani making it a major poll plank.

Mukherjee, at the same time, said the Government has no plans to bring in a new amnesty scheme for tax evaders, pointing out that in the past there have been complaints that the government was penalising the honest tax payer as in every such scheme the normal rate of tax was reduced. Efforts to amend the Indo-Mauritius tax treaty to curb its abuse, however, are being pursued, he said.

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