Black money information can’t be made public: PM<\/strong><\/h2>\n
New Delhi, Jan 19 (IANS) Prime Minister Manmohan Singh Wednesday made it clear that information on black money stashed in tax havens abroad can’t be made public as it will entail violations of its treaty obligations.<\/p>\n
‘The information will not be made public. It will be a violation of the treaty,’ Manmohan Singh told reporters when asked about the government’s stand on black money stored by Indians in tax havens abroad.<\/p>\n
‘There is no instant solution to bring back what is called black money. We have got some information and that has been provided to us for use in the collection of taxes,’ he added.<\/p>\n
As per the guidelines of the Organisation of Economic Cooperation and Development (OECD), India has signed independent treaties with a host of countries and territories to share information on illegal transfers, often referred to as black money.<\/p>\n
Manmohan Singh’s remarks came on a day the Supreme Court voiced displeasure over the government’s reluctance in providing full information on the black money stashed by Indians in foreign banks, saying it was a theft of national wealth and amounted to ‘plunder’ of the nation.<\/p>\n
BJP president Nitin Gadkari Tuesday had alleged that the government’s reluctance to disclose names points the needle of suspicion towards it and dared the Manmohan Singh government to make public the names of Indians who have deposited black money in tax havens.<\/p>\n
reveal the name of swiss account holder.<\/strong><\/p>\n
From: \u00a0\u00a0\u00a0 madan tiwary Your browser may not support display of this image.<\/p>\n
Add to Contacts<\/p>\n
To: \u00a0\u00a0\u00a0 prime minister <\/p>\n
Mr. Prime minister, merely India has signed a treaty can not be a justified reason for not revealing name of those who has stashed black money in another country. When the same information is being used for collection of tax, mean many of the people have knowledge about those persons. There is a legal procedure in our country for collection of taxes and officers required to serve notice through post after making entry into dispatch register with offer to the person concerned to engage advocate if not satisfied by the demand of taxation department. Now you tell me Prime minister, knowingly or unknowingly, secrets promised under treaty, not to make public, is virtually a secret for the sake of secret otherwise revealed to many peoples. Only a sincere effort with corrupt practice is required to fetch information from staff of taxation or postal department and India too, have wikileaks and Assange. Prime Minister you have lost the charm, reason so many scam. But still people have hope, you should realise blunder you committed and should act to instill faith in people by way of taking appropriate action against culprits. Moreover any treaty cannot change our constitutional provision, if court ask, you have to provide the details . Prime Minister, it is better come clean, inform the countries that it is in the interest of our country to reveal the name and court is putting pressure too, thereafter open the name of those who has siphoned the black money in another countries. Thanks if read by you.<\/p>\n
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