000			01943nam a22002417a 4500
003			OSt
020			_a9788184005882
040			_cIIT Kanpur
041			_aeng
082			_a364.13380954 _bT326t
100			_aThakurta, Paranjoy Guha
245			_aThin dividing line _bIndia, Mauritius and global illicit financial flows _cParanjoy Guha Thakurta and Shinzani Jain
260			_aNew Delhi _bPenguin Random House India _c2017
300			_axviii, 282p
520			_aThe use of tax havens to not just avoid the payment of taxes but also to evade them has attracted considerable attention across the world and in India. Tax havens, also known as low-tax or no-tax jurisdictions, enable ultra-rich individuals and corporate entities to not pay taxes, legally and illegally. There is a thin dividing line between tax avoidance (often described as 'good' tax planning) and tax evasion (deemed criminal in most countries). In fact, the dividing line is so thin it is virtually non-existent. Tax havens have been used by the rich and the powerful to benefit themselves at the expense of the poor and the underprivileged. This led to widening inequality between citizens and across countries. This book looks at the India-Mauritius Double Taxation Avoidance Agreement in the global context of growing illicit financial flows. This agreement is important because 40 per cent of the total inflows of foreign money into India comes through Mauritius. You will also read about scandals surrounding the IPL, international companies that came under the scanner for tax evasion, black money, havala and an international criminal industry employing bankers, lawyers and corrupt bureaucrats who run an economy parallel to the world economy
650			_aTax evasion -- Law and legislation
650			_aDouble taxation
650			_aTax havens
650			_aMoney laundering
650			_aCommerce
700			_aJain, Shinzani
942			_cBK
999			_c565602 _d565602