Blog

06
Jun

In a first, Mauritius gives details of black money

Yielding under « pressure », Mauritius has for the first time provided bank details of a person being investigated by the Income Tax Department (ITD) for tax evasion and money laundering

« They (Mauritius) have given information related to a person being probed by ITD who had remitted funds from that country to India, » an official said.

While the official refused to provide any further details, he said it is « a major breakthrough » in the government’s effort to track and collect proof against tax evasion and bring back the unaccounted money stashed in tax havens.

sirce:indiatimes.com