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  • A Report On "Swiss Black Money Can Take India To The Top"

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    This document analyzes India's black money held in Swiss banks. It finds that: 1) India has over $1.4 trillion in black money stashed in Swiss banks, more than any other country. 2) This amount of black money is about 13 times larger than India's total foreign debt. 3) If recovered, this money could be used to repay India's entire foreign debt within 24 hours or provide $100,000 to each of 45 crore poor citizens. The document recommends developing a national agenda against black money, obtaining travel details of frequent Swiss bank visitors, appointing a special envoy to Switzerland, and creating new anti-tax haven laws to recover the ill

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    This document analyzes India's black money held in Swiss banks. It finds that: 1) India has over $1.4 trillion in black money stashed in Swiss banks, more than any other country. 2) This amount of black money is about 13 times larger than India's total foreign debt. 3) If recovered, this money could be used to repay India's entire foreign debt within 24 hours or provide $100,000 to each of 45 crore poor citizens. The document recommends developing a national agenda against black money, obtaining travel details of frequent Swiss bank visitors, appointing a special envoy to Switzerland, and creating new anti-tax haven laws to recover the ill

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    10 views13 pages

    A Report On "Swiss Black Money Can Take India To The Top"

    Uploaded by

    prasanthvelchuri
    This document analyzes India's black money held in Swiss banks. It finds that: 1) India has over $1.4 trillion in black money stashed in Swiss banks, more than any other country. 2) This amount of black money is about 13 times larger than India's total foreign debt. 3) If recovered, this money could be used to repay India's entire foreign debt within 24 hours or provide $100,000 to each of 45 crore poor citizens. The document recommends developing a national agenda against black money, obtaining travel details of frequent Swiss bank visitors, appointing a special envoy to Switzerland, and creating new anti-tax haven laws to recover the ill

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    of 13

    A REPORT ON

    “Swiss Black Money can take India to


    the top”
    CONTENTS
    • OBJECTIVE
    • INTRODUCTION
    • METHODOLOGY
    • ANALYSIS
    • FINDINGS
    • CONCLUSION
    • RECOMMENDATIONS
    OBJECTIVE

    • To explore the Indian black money in Swiss


    bank.
    INTRODUCTION
    • Money accumulated by way of illegal
    transactions without declaring it for
    tax purposes.
    • The ultimate aim of doing all the illegal
    and unlawful activates like smuggling,
    corruption, evading from taxes and
    duties etc… is to attain money and that
    attained money cannot be shown in
    the accounts also. So, where these
    money were gone?
    ROLE OF SWISS BANK

    • Switzer land Is known as Tax Haven.


    • They have zero or very low income tax.
    • They ask no questions on the origins of the
    money coming into their banks.
    • They keep all banking records secret and
    cooperate very little with other countries.
    INDIA’S Black Money in
    SWISS BANK
    INDIA $1,456
    • India with $1,456 billion BILLION 
    or $1.4 trillion has more RUSSIA $470
    money in Swiss banks. It BILLION 
    is one of the biggest loots
    U.K $390
    witnessed by mankind
    BILLION 
    UKRAINE $100
    BILLION 
    CHINA $96 BILLION 
    TOP FOUR NATIONS BLACK MONEY IN SWISS
    BANK
    METHODOLOGY

    • PRIMARY DATA
    Questionnaire
    • SECONDARY DATA
    Internet
    News papers
    Magazines
    DATA ANALYSIS
    METHODOLOGY
    FINDINGS
    • India’s Black Money is about 13 times larger
    than the country's foreign debt. With this
    amount the entire foreign debt can be repaid
    in 24 hours
    • With this amount 45 crore poor people can
    get Rs. 1,00,000 each.
    CONCLUSION

    • India’s black money in Swiss Bank is about 13


    times greater than the foreign debt of the
    country
    • Both the public and govt of India need to have
    strong national will and effective measures to get
    back the black money from swiss bank
    • This money can be best utilised for the economic
    growth and development of Nation.
    RECOMMENDATIONS

    • Develop national will & agenda against black


    money in foreign banks.
    • Get immigration details of the 25,000
    frequent travellers to tax havens.
    • Appoint a special emissary to Switzerland.
    • Make specific anti-tax haven laws.
    Thank you for your time
    Bharat Mata ki jai

    PRESENTED BY :
    V. PRASANTH

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