-National Herald The Pandora Papers raise issues that need serious introspection. Even if the wealth has been salted away legally, does it reflect a flight of capital? Do HNIs feel their wealth is not secure in India? What is different about the Pandora Papers from the earlier Panama Papers leaks, revealed by ICIJ five years ago? Unlike the Panama papers which were leaks from a single source, a law firm called Mossack...
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New offshore records reveal several Indian firms tapped Mauritius route to save on taxes -Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar and Sandeep Singh
-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and bank statements that...
More »Paradise Papers: Seven Steps Modi Must Take Against Black Money -Prashant Bhushan and Yogendra Yadav
-TheWire.in Given his government’s record of inaction, however, the latest disclosures are also likely to sink without a trace. The ‘Paradise Papers’ expose carried out by the Indian Express in collaboration with a German newspaper and the International Consortium of Journalists (ICIJ) once again reveals the extent of the black money menace and the lack of political will to take it on. By now it is clear that the Narendra Modi government...
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