Astrophysicists say , even light cannot escape a black
hole
Closer at home in India , even the most stringent laws
have not stopped the Indians from siphoning out their undeclared income to
secret bank accounts in 40 odd Tax-Haven nations - the White Holes of Black
Money !
Depending upon your source , the amount varies from Rs
25 lakh Crores to Rs 90 lakh Crores
The exact / actual amount is itself , irrelevant
What matters is :
* In those
foreign banks , there are lakhs of " Secret / Password-protected "
bank accounts , belonging to Indians
* Those countries are refusing to divulge these
accounts to Indian Government, under some or other International Law /
Convention
* India has no
extra-judicial influence over these countries to force them
* Economies of
these countries do not depend upon trade with India
These
economies depend upon those secret accounts
!
Of late , some people have suggested passing yet
another law to declare all such black monies, illegally stashed abroad , as
" National Property "
Sure ! Can be passed in BJP controlled Lok Sabha in 4
hours !
Like all previous laws , that won't make any
difference
In the meantime , let SIT debate and deliberate and dither
, for ever !
No harm in persevering , even as those Rs 90 lakh
Crores become Rs 900 lakh Crores !
Do our Politicians / Babus / Janata , realize that the only persons who can
- and will - bring back those black monies , are those account holders ?
Do we realize that human greed is cleverer than those
laws ?
Do we understand that no one wants to pay increasing
amount of Income Tax , with each higher slab
?
Do we appreciate that our present taxation system ( of
higher tax rates , with rising income ) , prevents people from declaring all of
their incomes ?
Why work harder to earn higher income , only to hand
over that income to government - who will distribute it , by way of salaries to
the bureaucracy ?
Do we know that our present Tax Regime penalizes honest
tax payers and discourages wealth - creation
?
Do we understand that this Tax Regime , diverts funds
into unproductive assets ( eg: Land / Gold etc ) - funds , which are badly
needed for nation-building ?
Will Mr Arun
Jaitly have courage to implement
following ?
* INVERSE TAXATION
REGIME
Where one
pays DECREASING , incremental tax , with
each higher slab of
income. This
will encourage full declaration of all income and remove
incentive to
hide income . People will insist upon receiving all payments
by cheques .
" Reverse
Hawaala " system ( converting black
money to white
money ) will ,
soon eliminate parallel economy !
* AMNESTY SCHEME
Where no
questions will be asked as to the source of declared black
money , if
that money is invested in Government-Approved Infrastructure
SPVs .
Dividends / interests from such investments will be free from
Income Tax
for 15 years . Infrastructure should also include , Education,
Health-care ,
Sanitation etc
Dear
Narendrabhai ,
Applying this ( mildly " Out -of - Box " ) thinking , you
can raise Rs 1000
Lakh Crores ,
and build those 100 Mega-Cities and create those 100 million
jobs
* hemen parekh
( 04 June 2014 / Mumbai )
--------------------------------------------------------
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Make
Yourself Heard
Dear Visitor :
It is time for YOU to speak up - and demand that YOU
are heard
By emailing this suggestion - incorporating your OWN
improvements - to the following Policy Makers
( Just multiple
copy all the following Email IDs into the Recipient column of your Outlook and
Copy / paste this suggestion in the Message Box ) :
narendramodi1234@gmail.com;
38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in;
jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in;
spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in;
ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in;
amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com;
ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in;
d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com;
eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in;
rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in;
ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in;
ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in;
akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in;
geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in;
rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in;
dr.harshvardhan@sansad.nic.in
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