NEW INDIAN GOVERNMENT CRACKS DOWN ON HIDDEN ASSETS
July 2nd, 2014
India’s new federal government led by the Bharatiya Janata Party (BJP) has set up a Special Investigation Team (SIT) to probe undeclared assets held by Indian companies and citizens stashed in tax havens. If successful, the team could improve business ethics in India. Raghavendra Verma reports from New Delhi.THE “SIT will prepare a comprehensive action plan including the creation of a necessary institutional structure that could enable the country to fight the battle against unaccounted money,” an official finance ministry communiqué declared soon after ...
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