Here is the best of Business Standard's opinion pieces for Saturday.
An international consortium of journalists has unearthed the “Pandora” list of secret stashes in tax havens. In this context, T N Ninan in his weekly column notes that the overall money stashed away in tax havens is estimated at between $5.6 trillion and $32 trillion, numbers to make your eyes pop. An International Monetary Fund paper some years ago quoted estimates of lost tax revenue at $500-700 billion. That is big, but less than 1 per cent of global GDP. Read here...
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