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Bahama Leaks: 475 Indians evading tax exposed!
By: Tupaki Desk | 23 Sept 2016 10:12 AM IST
Just five months after the Panama Papers, Bahama Leaks revealed the details of over 175,000 firms, foundations, trusts and individuals relying on the Caribbean Tax Heaven to evade tax. A German daily 'Suddeutsche Zeitung' shared these details of companies registered between 1990 and 2016 with the International Consortium of Investigative Journalists & media partners.
About 475 Indians featured in the Bahama Leaks. This include Anil Agarwal (Vedanta Group), Rajan Madhu (Fashion TV India promoter), Aman Gupta (Even Waters Chairman) and Kabir Mulchandani (Baron Group). Centre has appointed a Multi-Disciplinary Task Force within hours after the Bahama leaks to probe the allegations. Several requests were placed seeking information from 12 offshore jurisdictions since then.
Interestingly, Some of the companies and individuals featured in Panama Papers have also appeared in Bahama Leaks.
Government set September 30 as deadline for Income Disclosure Scheme (IDS). It an option for firms and individuals to disclose their income and pay 45 percent tax as penalty.
About 475 Indians featured in the Bahama Leaks. This include Anil Agarwal (Vedanta Group), Rajan Madhu (Fashion TV India promoter), Aman Gupta (Even Waters Chairman) and Kabir Mulchandani (Baron Group). Centre has appointed a Multi-Disciplinary Task Force within hours after the Bahama leaks to probe the allegations. Several requests were placed seeking information from 12 offshore jurisdictions since then.
Interestingly, Some of the companies and individuals featured in Panama Papers have also appeared in Bahama Leaks.
Government set September 30 as deadline for Income Disclosure Scheme (IDS). It an option for firms and individuals to disclose their income and pay 45 percent tax as penalty.