Black money has fallen, says Pranab's White Paper
May 21, 2012 13:01
Early feeds on what the White Paper on black money holds:
-- Multi-pronged strategy needed to deal with generation and transfer of black money.
-- Vodafone tax case provides instance of misuse of corporate structure to avoid payment of taxes.
-- Five-pronged strategy adopted by government to deal with menace of black money yielding "good results".
-- To check black money, government may provide tax incentives on use of debit/credit card as it leaves audit trail.