It is an open secret that our elite have kept their black money in
safe havens such as Switzerland. Now your report (DNA,13/9/11)
confirms it when the famous whistleblower Rudolph Elmer reveals to an
Indian TV channel. USA has succeeded in getting the names of its
nationals who have kept their untaxed money through legal and
extra-legal methods. India too would be able to get the names Indians
who have stacked their illegal money in Swiss banks, states Elmer. He
also states that our government is not keen to know the identity of
those who have cheated the Indian exchequer and that Indian society
has to put pressure on the government. He has disclosed that some of
our film stars and cricketers who are adored by the public too have
their accounts in the Swiss banks. However, he has forgotten to
mention Indian politicians and businessmen but we all know without
them no list will be complete.
Your another report (DNA, 14/9/11) tells us how the US government is
getting access to unaccounted money kept in foreign banks by its
citizens. It has now a tax law, the Foreign Account Tax Compliance Act
which mandates full disclosure of bank accounts held by US citizens in
foreign countries. US government levies a penalty of 40% on
undisclosed foreign assets. A similar act will help our government to
get access to all account details of Indian citizens in foreign
countries. Will our government take it up before Anna Hazare starts
another agitation?
September 14,2011.
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