Pitching for concrete action to tackle the problem of black money stashed abroad, the BJP today favoured a law to bring the culprits to book and said any offer for amnesty for tax evaders needs to be debated.
Pitching for concrete action to tackle the problem of black money stashed abroad, the BJP today favoured a law to bring the culprits to book and said any offer for amnesty for tax evaders needs to be debated.
"I feel it is possible for us to take action against people who are known as tax evaders in the public domain. Certain names have been with the government for the last three years, if the Ministry of Finance had the documents then why was no action taken," BJP spokesperson Nirmala Sitharaman said during an interaction at the Indian Women's Press Corps.
Accusing the government of being in a state of "slumber", she said, "Political will is needed to take action against fraudulent things.
"The UPA is not interested in talking about it. We will in the current session talk about money laundering. We will make sure a lot of cases are filed."
"There needs to be a law to tackle this problem," Sitharaman said.
Asserting that amnesty being offered to tax evaders needs to be debated, she said, "This (black money) is not tax evasion. It can also be money made through drug deals".
Lawyer Prashant Bhushan said that an important part of the problem was the double taxation benefit given to companies registered in Mauritius.
"Black money is the economy which has been generated by a lot of resources of this country," he said.
Around 90% of this money has gone to corporates and around 10 per cent to public servants, he alleged.
He favoured India ratifying the UN convention against corruption to tackle the issue.
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