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$1.4 Trillion India’s Black Money Stashed in Swiss Banks

Discussion in 'Politics & Religion' started by ayushi infotech, Aug 13, 2011.

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  1. #1
    India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by Russia $470 Billion, UK $390 Billion, Ukraine $100 Billion and China with $96 Billion.

    In this economic time India take action and bring out swiss bank money means it is more helpful for India ...



    Sorce:http://www.iretireearly.com/1-4-trillion-indias-black-money-stashed-in-swiss-banks.html
     
    ayushi infotech, Aug 13, 2011 IP
  2. satguy

    satguy Well-Known Member

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    #2
    The Swiss have been enabling crooks, thieves, and all kinds of wrong doers for nearly 100 years now.
    They surely have more blood on their hands than most, even if it is second hand blood, it’s still blood.
     
    satguy, Aug 13, 2011 IP
  3. ApocalypseXL

    ApocalypseXL Notable Member

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    #3
    Yes ! Invade Switzerland :rolleyes:
     
    ApocalypseXL, Aug 14, 2011 IP
  4. wisdomtool

    wisdomtool Moderator Staff

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    #4
    The Swiss banking secrecy is well known. I doubt they will reveal anything to the Indian govt. The money is well stashed in such a country where even the USA had a hard time getting back.
     
    wisdomtool, Aug 15, 2011 IP
  5. nihangshah

    nihangshah Prominent Member

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    #5
    I think those people who stashed money were very intelligent. They took money out of country and put in another country. Now, we're having hard time getting all the money back.
     
    nihangshah, Aug 15, 2011 IP
  6. The Webby

    The Webby Peon

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    #6
    [sarcasm]On the brighter side, at least we can claim that we are the world leader in corruption and scams. :)[/sarcasm]
     
    The Webby, Aug 16, 2011 IP
  7. Chrissy17

    Chrissy17 Peon

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    #7
    Is this money from tax evasion, or from corruption?
     
    Chrissy17, Aug 16, 2011 IP
  8. ayushi infotech

    ayushi infotech Peon

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    #8
    Last edited by a moderator: Aug 16, 2011
    ayushi infotech, Aug 16, 2011 IP
  9. ApocalypseXL

    ApocalypseXL Notable Member

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    #9
    Hmm i think Nigeria will hold the scam crown for a looong time . I still get e-mails from their king that wants to give a me 20 million USD . As for corruption i thought Somalia held that crown although India is a serious competitor .
     
    ApocalypseXL, Aug 16, 2011 IP
  10. The Webby

    The Webby Peon

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    #10
    Why are you always on my ass? :(
    You can't see me happy, can you?
     
    The Webby, Aug 16, 2011 IP
  11. nihangshah

    nihangshah Prominent Member

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    #11
    Tax evasion.
     
    nihangshah, Aug 16, 2011 IP
  12. ApocalypseXL

    ApocalypseXL Notable Member

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    #12
    Lol nice 1 , I'd give you +rep but it would just turn out gray .
     
    ApocalypseXL, Aug 16, 2011 IP
  13. mmerlinn

    mmerlinn Prominent Member

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    #13
    Not sure you really want that money to come back to India all at one time. That much money returning to circulation in India would stoke the fires of inflation to the tune of about US$1,000 for every man, woman, and child in India.
     
    mmerlinn, Aug 20, 2011 IP
  14. chunnumunnu

    chunnumunnu Active Member

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    #14
    agree ;) inflation will reach to peak and push all people from the cliff into poverty. Inflation is more than 11% right now (govt data) , real if much more :p (home prices alone rising around 25 to 50% rate) and Food prices rise about 20 to 80% per year.

    but if that much money return in USD then we can curb the inflation. Simply buy food items and other essential stuffs and increase the supply ;) .. but that might reduce the GDP :D
     
    chunnumunnu, Aug 21, 2011 IP