The Indian tax haven story reaches the UK press
April 30th, 2009
The Times reports:
Illegal transfers of billions of dollars from India to Western tax havens have become a big issue after two weeks of campaigning in the country’s general election.
As calls increase worldwide for a crackdown on the illicit movement of capital, L. K. Advani, the leader of the main opposition Bharatiya Janata Party (BJP), has vowed to repatriate as much as $1.5 trillion (£1 trillion), which he claims has been “looted” from India and moved overseas by corrupt officials, tax-shy members of the elite and leading companies over 60 years. (more)
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