States Times Review / India: Singapore Government helps the rich to evade tax by round-tripping

States Times Review
States Times Review / India: Singapore Government helps the rich to evade tax by round-tripping
States Times Review
States Times Review / India: Singapore Government helps the rich to evade tax by round-tripping

Load of lies by Alex Tan’s States Times Review!

The article where Alex stole from did not say SG Government is helping the rich in India to evade taxes! It is the political parties in India that found a loophole in the tax system and used Singapore to reroute their monies so to tax evade!


Source:

  • http://economictimes.indiatimes.com/news/economy/policy/government-to-rework-tax-treaty-with-singapore-soon-arun-jaitley/articleshow/56096863.cms

    He said the government has already ordered an investigation into hundreds of political parties that may have been set up just to claim tax exemptions and money conversion.

    “Mauritius, Cyprus and Singapore had become routes for round-tripping of “local money going out and then coming back by these routes and therefore avoiding tax,” Jaitley said at a Times Now function. India has already reworked its tax treaty with Mauritius and Cyprus and will rework with the one with Singapore.

    “Now with Singapore we are at almost final stages of wanting to revise that. Something is likely to happen in near future,” FM said while pointing out that the UPA government had done nothing against black money in its 10-year rule. On the issue of political funding, the minister said since 2001 some part of political funding has become overground, but there is a point in the criticism that part of the funding is still underground invisible.

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