IS INDIA STILL DEVELOPING COUNTRY?
Omprakash Jain
(CA)
(280 Points)
Replied 16 July 2010
How can we expect the corrupt politicians to reveal their own name to the public honestly which will be like committing suicide. Some way has to be worked out, so that the corrupt law maker get the money back to India without punishing themselves for the wrong done by them. It can be done by bringing out some amnesty for all the politicians and make them pay the tax at just 30% within some stipulated time and after which no amnesty should be available to anybody. Also tough law like provision of capital punishmets may be made for all future corruptions. The irony is that even the opposition also is calm on such issues except shouting some time here and there when the matter is raised by public. The good political party must have firm stand on this issue and with one and main motto of bringing back our own people's money.
I agree fully with the author that after the money comes to India, the govt. can declare tax holidays for atleast 10 years. Or the tax rates can be slasheed down to 1 to 5% as direct taxes and 2% indirect taxes firmly for many no of years without any amendments.
Faiz Ahmed
( Article Trainee)
(1731 Points)
Replied 16 July 2010
My God!!!! 1500 billion dollars lying unutilized and that too in swiss bank. Shame on those who have dumped India's wealth outside. I am sure major chunk of money will be in accounts of some politicians. Daily if 1 politician is killed , India will surely developed. All crooks sitting in power.
I sometime think why we don't have cash flow detection in our economy??? If this is taken care, may be accountabilty can come.But alas..... Indian CA's are there to even cover that and find a new way to exploit wealth. Chor(white collar) hain yaar bahut India mein
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