Dear Dr Manmohan Singh,
This has reference to media news placed below:
Govt has a new plan: Pay 45% tax, move your black to white -
Kindly be informed that your continued working in secrecy without taking "We the People" into confidence and without our consent is highly objectionable as India is a democracy.
On self-imposed constraints, you want to continue openly looting public and wants to have extra soft corner for known corrupt elements is simply not acceptable not being in the national interest.
Please take action on all such public grievances pending with PMO / CVC / CBI etc . & not only on one limited item 2G that too in which CBI continues to harass & torture only the minor beneficiary taking no action against the major beneficiaries already publicly named by Mr Swamy.
Please mend your ways of working and take decisions in a democratic and transparent manner so that people are not compelled to show you the door the way they did in Egypt.
In the matter of Black Money that legitimately & rightfully belong to us, please disclose the names Traitors in Print Media; Tax that money 90 % leaving 10 % with those criminals who are to be behind bar on non-bailable basis facing Sedition Charges to remain jail life long. Please do not be lenient towards them.
You can enact new laws to punish these hard core white-collar criminals who might have respectable names in the society due to vested interest dishonest media that cover them up in unethical manner.
BJP - Main Opposition in Parliament - is fully supporting you in this regard and you have the support of the now very vocal Civil Society.
Please act tough if and avail of the rare, once-in-a-life-time, opportunity that you have got to prove your integrity that has gone down the bottomless pit.
Regards,
--
(Babubhai Vaghela)
C 202, Shrinandnagar V, Makarba Road Vejalpur, Ahmedabad - 380051
M - 94276 08632http://twitter.com/BabubhaiVaghelaAbout me in Annexure at -
http://bit.ly/9xsHFj http://www.youtube.com/user/vaghelabd(Administrator - Google Group - Right to Information Act 2005)
http://groups.google.com/group/Right-to-Information-Act-2005/about?hl=en
-----------------------------------------------------------------------------------------------------------------------------------------------------
Prime Minister - "CBI rarely arrests VIP accused: HC" - Main culprits in Rs 200 Crore Kerosene Marker corruption case Mr Murli Deora & Mr M S Srinivasan need to be behind bars fast.
Is it a cry in the vast desert? : GoI GSR 238 of 2nd February 1978 need to be withdrawn being violative of the Constitutional scheme of Separation of Powers..
Reminder to Dr Manmohan Singh Prime Minister - 851 IAS Officers who, despite reminders, have not submitted their Annual Property Returns, as required be put under suspension on 1st Feb 2011 if do not submit by the last date give.
CVC Mr P J Thomas who claims to have "Impeccable Integrity" either continues to sit on Registered Complaints or Rejects the complaints outright at lightning speed without assigning reasons...
Cabinet Secretary to GOI New Delhi - "No salary for those appointed illegally: Supreme Court" - Kindly arrange to stop payment of Salary to illegally appointed HC Judges; ICs and CICs...
Prime Minister - Kindly direct IOC Chairman to let me know the date of chargesheeting and suspension of Mr Manickam in terms of CIC Order of 16th July 2010..
-----------------------------------------------------------------------------------------------------------------------------------------------------
Govt has a new plan: Pay 45% tax, move your black to white
This Budget, Finance Minister Pranab Mukherjee may announce a last and final call for all tax evaders who have stashed away black money here or abroad, to come clean after paying tax plus a penalty, collectively amounting to 45 per cent.
The Central Board of Direct Taxes has worked out an immunity — not amnesty — scheme where people can voluntarily disclose their hidden earnings without being prosecuted.
However, there would be "no respite from tax compliance". "Tax would be levied at normal structure wherein the real tax rate comes to about 23 per cent, and there would be a 100 per cent penalty on it," said government officials.
"But for easy administration and low compliance cost, the unaccounted income would be taxed at a flat 45 per cent," they added.
"The public perception is that money parked abroad should be brought back into the country. This would be the easiest way as taking legal recourse for confiscation is a litigious and time-consuming route," said the officials.
Therefore, the voluntary disclosure of income proposal is primarily aimed at bringing money stashed offshore but "onshore may also be included".
Officials said that the scheme has "the consent of the minister, but it is yet to get political approval".
They clarified that it would not be an amnesty scheme where tax is not levied on the undisclosed income as was the case under National Housing Bank (Voluntary Deposits) Scheme, India Development Bonds Scheme and Remittances in Foreign Exchange (Immunities) Scheme in 1991.
The scheme would incorporate a clause asking immunity seekers to furnish details of their foreign accounts as is being done by the US Internal Revenue Service, said the officials.
There are negatives that weigh against the scheme. While it would be unfair to persons who are voluntarily tax compliant, it could turn counter-productive with people expecting similar schemes to be floated in the future.
"People then take further risk in disclosure and it also shifts the tax liability with immunity seekers paying lump sum during VDIS so that future years they escape taxes," said the officials.
The last VDIS in 1997 generated Rs 9,750 crore as tax with 4.75 lakh people disclosing Rs 33,290 crores as unaccounted income.
The new scheme, coming more than 13 years after the last one, would be a final chance to evaders to bring back the wealth stashed away in banks of Switzerland, Mauritius, Liechtenstein, etc. before the Income Tax Department gets cracking.
Officials clarified that the proposal had not stemmed out of the multi-disciplinary committee appointed by Mukherjee last month to estimate the quantum of black money as well as the feasibility of introducing an immunity scheme.
http://www.indianexpress.com/news/govt-has-a-new-plan-pay-45-tax-move-your-black-to-white/751615/0
No comments:
Post a Comment