Sunday, May 22, 2022
Outlook.com
controversy: tax haven

The Tax Mole Hunt

FM asks for details of Indian account-holders

The Tax Mole Hunt
The Tax Mole Hunt
outlookindia.com
-0001-11-30T00:00:00+05:53

Three definite conclusions can be drawn from this statement—one, hundreds of Indians have parked money in Liechtenstein; two, their names are known to Germany; three, the UPA government has stonewalled Germany's offer to communicate the names of Indians to New Delhi. The newspaper further said the Indian chapter of Transparency International (TI), an independent body campaigning to reduce corruption worldwide, has "urged the government to take all necessary steps to seek the data".

The truth, though, is fuzzy. Like all infamous scandals that get exposed, this one too started with a dawn raid. At 5 am, February 14, Klaus Zumwinkel, then CEO of Deutsche Post, the largely state-owned German mail company, was woken up by the police and confronted with information that he, along with many Germans, had transferred money into secret accounts held in Liechtenstein. Zumwinkel pleaded guilty to tax evasion. The details of his and reportedly another 1,399 secret accounts was culled from a CD that an employee of the Liechtenstein-based ltg Bank had sold to the German secret service.

Outlook Newsletters

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.