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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/14471| Title: | Black Economy of India |
| Authors: | K. M. Bhattacharya Susan C. Jain |
| Keywords: | Black money Parallel economy Tax havens Unaccounted for wealth Agreement in the form of information exchange and general assistance for the return of black money Double Tax Avoidance Pacts Swiss Bank Financial Intelligence Unit -India Swiss Bankers Association Foreign Institutional Investment (Fl]) Non Resident Indians (NRis) |
| Issue Date: | 2011 |
| Publisher: | Journal of Accounting and Finance |
| Abstract: | Black money refers to a certain sector of economy where some private cash transactions go unreported to the Government and on which taxes are not paid. It involves illegal economic activities like buying and selling of drugs. The size of black economy is estimated between five and 48 percent of GDP. In a petition filed recently with the Supreme Court by some prominent citizens of India, the Government has been asked to bring back the unaccounted for wealth hoarded and concealed by Indians in Swiss Banks and other offshore tax havens. |
| URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14471 |
| Appears in Collections: | Articles to be qced |
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| File | Size | Format | |
|---|---|---|---|
| Black Economy of India.pdf | 269.43 kB | Adobe PDF | View/Open |
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