Saturday, April 9, 2011

India The New Tax Haven


Apparently an Indian American stashed undisclosed income in the Indian branch of a foreign bank.

And the IRS has asked that bank to list all Indians living in the US who have large balances in their India branches.


Can't believe that India is a place where people are stashing undisclosed money. Usually Indians hide money in banks in Switzerland / Cayman / Mauritius etc.


Hmm.

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