Where is India’s Black Money? Bisbo
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- Опубліковано 26 січ 2022
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The Pandora Papers is the 4th installment of names that have set up foreign companies and trusts. But are tax sleuths looking in the wrong place? Should they be looking for black money inside India instead of in these tax havens?
#blackmoney #pandorapapers #bvicompanies
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Sources
Indian Express
After Panama, it’s Pandora; Ritu Sarin, Shyamlal Yadav, Sandeep Singh, Khushboo Narayan, Jay Mazoomdaar, P Vaidyanathan Iyer; Oct 3, 2021
What Is The Pandora Papers Expose? Oct 3, 2021
Pandora Papers: What Are Trusts? | Pandora Papers Leak | Exclusive Report; Oct 4, 2021
Sachin Tendulkar, wife, her father, had BVI company, wound up after Panama expose; Ritu Sarin; Oct 5, 2021
Niira Radia set up a dozen firms, asked Trident Trust to not contact her directly; Khushboo Narayan; Oct 6, 2021
Pandora Papers: Jackie Shroff linked to New Zealand trust, BVI firm, Swiss bank account; Sandeep Singh; Oct 5, 2021
Pandora Papers: Gandhi family friend Satish Sharma set up offshore entities; Shyamlal Yadav; Oct 6, 2021
Indians in #PanamaPapers list; Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar; Apr 4, 2016
Adani brother set up a company in BVI; says it has been closed now; Sandeep Singh; Oct 6, 2021
Probe gathers pace, IT notices sent to Indians, NRIs in Pandora; notices supervised by panel set up by govt; Ritu Sarin; Nov 16, 2021
Exclusive: HSBC Indian list just doubled to 1195 names. Balance: Rs 25420 cr; Ritu Sarin; Feb 9, 2015
ICIJ
Proposed EU directive targets shell companies after Pandora Papers exposed offshore system abuses; Scilla Alecci; Dec 24, 2021
Pandora Papers caps off 2021 with consequences felt around the globe; Michael Hudson, Will Fitzgibbon; Dec 21, 2021
Leaflet
Unpacking the Pandora Papers revelations; Aninda Dey; Oct 7, 2021
ABC News
The Pandora Papers: How the world of offshore finance is still flourishing | Four Corners; Oct 4, 2021
Scroll.in
Indian deposits in Swiss banks rise to over Rs 20,700 crore - highest in 13 years; June 18, 2021
Business Today
Centre identifies over 2.38 lakh shell companies between 2018-2021; July 27, 2021
New special unit in I-T Dept to probe undisclosed foreign assets; Jan 10, 2021
What is Paradise Papers? Here is a list of Indians named in the leak; Nov 7, 2017
Hindustan Times
Govt orders probe into ‘Pandora Papers’ leak; Rajeev Jayaswal; Oct 05, 2021
Indians named in Pandora Paper leaks under probe by group of agencies: Govt; Isha Sahai Bhatnagar; Dec 15, 2021
Newsclick
Pandora Papers Indicate How the Rich and Powerful Avoid and Evade Taxes; Aunindyo Chakravarty, Paranjoy Guha Thakurta; Oct 4, 2021
Financial Express
Where is the Swiss black money that Modi promised to bring back? Govt says, it doesn’t know; Samrat Sharma; Feb 11, 2020
Money Control
In-Depth: Pandora Papers and role of offshore banking network, tax havens; Megha Mishra; Oct 09, 2021
The Guardian
What are the Panama Papers? A guide to history's biggest data leak; Luke Harding; Apr 5, 2016
India Today
Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years; June 17, 2021
Explained: How govt’s black money law is helping crack down on undisclosed income; Rahul Shrivastava; July 26, 2021
More black money present within India than outside: Secret govt report; Rahul Shrivastava; Feb 21, 2019
Republic World
ED makes first arrest in 'Pandora papers' probe; IREO MD Lalit Goyal nabbed under PMLA; Suchitra Karthikeyan; Nov 16, 2021
The Times of India
Woman in 80s told to pay up for undisclosed ₹196cr in Swiss a/c; July 19, 2019
Indian offshore wealth parks itself in tax havens of Asia; Subodh Varma; Sep 14, 2017
The Economic Times
Black Money SIT to keep tabs on Pandora probe, IT Dept told to ensure prompt action; Deepshikha Sikarwar; Oct 22, 2021
I-T draws blank as tax havens mum on shut accounts, defunct companies; Sugata Ghosh, Rashmi Rajput; Dec 27, 2021
Taxman may use black money act to trace closed foreign accounts; Sugata Ghosh; Nov 10, 2021
As Funds Go Missing, Taxman Investigates HSBC Geneva A/Cs to Crack Mystery; Sugata Ghosh; Feb 8, 2021
Business Standard
Black money stashed outside India is estimated at $216-490 bn, say studies; Dilasha Seth; June 24, 2019
Modi govt launches sixth tax amnesty despite muted show by earlier schemes; Indivjal Dhasmana; Feb 26, 2020
Livemint
What the global minimum tax deal means for India; Jagadish Shettigar, Pooja Misra; Oct 13, 2021
NDTV
Aishwarya Rai Bachchan Questioned For 5 Hours Over Alleged Forex Violations; Arvind Gunasekar; Dec 20, 2021
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one suggestion bisbo . Make a video about coaching industry of competitive exams like UPSC , bank etc . and their business model.
Bisbo what u think how much of india black money outside India
Somehow BJP led government hasn't done anything on black money as they also have corruption. Demonization was a failure and useless exercise. Just the bankers and common people were harassed.
@@master_eagle 1qqq
You would think that a channel like Bisbo would value credibility over short-term gains, but I guess no one is above the rat race.
My younger brother is so obsessed with cringe youtubers and gaming. He never see stuff which add value in any ways. Today, I randomly started your video on TV. He really found that interesting and kept the phone aside to watch with me. I really appreciate what you do. You're really underrated, thank you Bisbo :).
It's amazing to hear youngsters also getting involved. Nice to know both of you here, Avi.
@@BisboWorld which software you used for editing
Nice video
@Avi Bcci tell him …each time if you catch him watching those stupid gaming stream you will kiss 😘him on forehead. He won’t watch it I guarantee.
His mentality is also cringe and down class hence he watches those arsehole youtubers and gaming. 🤢🤢🤮🤮
So, moral of the story is that yes, there is tax evasion but people don't evade as much tax as you think. Rather, through intelligent tax planning, they try to avoid taxes they don't have to pay. We have well known tax saving tools like HUFs for instance. Avoiding tax is legal. Evading is not legal. You should make all legal disclosures necessary. Let's be clear that anyone (especially Indians) who is in the position to save tax, will choose to save tax.
I mean a person who is earning 1 CR per Annum has to pay 30 lakhs in taxes! I mean wtf? Why should we pay 30 lakhs? That’s a lot of amount just for taxes!
Hi Hari.. You hit the nail on its head when you used the word disclosure. That's the most important.
Like IT slave trading companies declare all their client contracts and bring the revenue to India.
Now whole Bollywood is in Landon to get hawala and propaganda training under Shabana, will make more flop movies that will "loose" crores in U K on behalf of producers.
@@akshaypendyala Acc to ur anology , 30% tax on 1 CR per annum, whereas in some EU countries like Finland, Sweden, Ireland, Germany, Netherlands etc... the tax is almost 45- 50 % meaning on a salary of 100,000 euros , you would end up paying 45,000 to 50,000 euros in tax !!
@@tejasgiridhar not sure if you are joking, but look at the quality of life in European countries and here in India, compare healthcare, education, infrastructure and I can keep on going. The reason why I am angry because, govt. taxes the heck out of hard working people but does nothing in return for them. Next time whenever you do analogies, look at the context and factors as well. That should help broaden your perspective.
When the World has nothing, We the Indian Has Ratan Tata , a man with pure and generous heart a God to millions.....
Iam going everything For Tata Products wether it's a perishable or unperishable...
Im yet to make a first flight but when I travel 100 on Tata Airlines....
Lots of Love froM Northeast
Thanks bro...i live in tatanagar....where we have tata motors and tata steel...love to North India 🇮🇳 from tatanagar
Bisbo is always providing the most accurate content on the topic of discussion. Each and every nook is carefully delivered to us in their rawest form ❤️❤️👍🏻👍🏻
Thanks a lot, Abhinav 🙏
@@BisboWorld how a business can do black money
Bullshit he lied at 8:37
@@SreekanthRajeev yes Modi Ji did lie. Agreed 💯
Viewing your content since 5 years
Still your style and quality of content remains the same .
THANKS BISBO
👍👍👍
Great to have you here since 5 years, Sarvagya. Thanks a lot 🙏
Modi has never said that he will deposit 15 lakh rupees in the accounts.
Then what did he say?
@@harshalishwar6938 he said that the amount of black money outside is enough to deposit ₹15 lakhs in bank account of all Indians.
Also never corrected misunderstood supporters,😂🤝
One correction: Govt is asking IT to conduct raid not only on opposition but on anyone who criticizes Govt's action. "Dainik Jagaran" newspaper : for criticizing govt action & reporting covid deaths, Sonu Sood: For standing with Arvind Kejriwal etc. Also, The action like Demonetization was utter failure in curving black money.
IT raids on its own can be focus of video on its own. We will look at it, Ryan. Thanks.
logic 🤡
@@BisboWorld Good thinking. Anyway, your videos, way of storytelling with animation is quite awesome. keep it up. 👌
I believe, most of the black money is in the real estate and unorganized sectors. Technically black money is untaxed income, and most of it is generated by politicians, government officers(Probably 50 to 60%), but the other by common people who don't pay the proper amount of income tax. In India, only employees pay income tax properly.
The last line was apt. Only when the govt. will in a non biased way look into this, regardless of party based poiltics, only then will us common people be convinced that it is serious about this
The flower part in the end was very creative and funny. Good work guys :')
You forgot to mention that Germany revealed the names of Swiss amount holders in 2011 and Modi government did not take any action on it
@GameKiGaming_YT Correct! Congress was thrown out because of inaction on those revealed names. Then when Modi showed the same inactivity in 2014, why keep him?
@@infinitefuture1828 is there only one issue on the basis of which you decide to vote?😏
@@aben3278 Well from what I see, issues that were evident during Congress period are still persistent and have only escalated.
Along with new issues such as Rise of RSS. If gone unchecked, India will become like one of the gulf countries i.e. Under constant state of war for religion
@@infinitefuture1828 first go to nearest RSS shakha and participate in their activities. Then talk.
Issues like Pakistan threat, Bomb Blasts in India by radical Islamists, Infrastructure development, Article 370, etc. have been solved by BJP.
@@aben3278 Obviously, terrorists were bombing India before because it was developing back then, now why would terrorists bomb a country which is destroying itself?
Also, now Bangladesh GDP growth is more than India, hence they don't need to illegally migrate here. Problem solved XD
Always presenting news dynamically while covering all sides of the story. Truly impressed Mr. Bisbo.
Thanks a lot, Raghav.
Any offshore and investments come out, Amitabh Bachan: "Permanent hu sir!"
Not in Pandora Papers, though
@@BisboWorld he is getting smarter now, or maybe honest🙃
One of the best channels out there. The voice and style of presenting each video is also amazing 😍
Good work, Team Bisbo 💯🔥
@Bisbo You should do video on why we don't see the Rs. 2000 notes in circulation anymore now-a-days...
Bisbo also providing accurate information and also provide references.
Yes. All our sources
Thank you for bringing quality content for us
Glad you liked, Ishita. Thank you for watching.
Thanks for the video Bisbo , much awaited video
Glad you liked, Piyush. Thanks.
Man, what a talent you have, do you make this background animations yourself or do you give it to freelancers?
Anyway great job yar..
The infamous Swiss banks the capital of Indian Black money 😂
Missed bisbo video on Thursday excepting video on budget soon:-)
The quality of your videos are Exquisite and the way you sum it up with the iconic bisbo's limerick always makes my day.
We are so happy to hear that, Mohnish. Thank you.
OP video 💗Vro? Working on the collaboration with other youtubers idea?
again he never said deposit 15 lakh to every bank account. do your proper research.
I don’t know why Bisbo still hav only 5 lakh subscribers.
I hope it should atleast have 3M subscribers
Awesome video, please upload your introduction video also.
Thanks BISBO for your wonderful content and big fan of your team's animation
Our animation team is delighted to hear that, Mangal. Thanks.
I never subscribe any channel just watching one video but you are different the way you explaine its easy to understand you got a new subscriber keep up good work
Thanks
Nice as always ✌🏻
Bisbo did a mistake regarding modis claim he did not say like that it was Rahul Gandhi
What modi meant was that cash was so huge it can be 15 lacks per person
Sabke khate me 15-15 lack bhi aa jayenge ji
In my book Modi and Rahul both are same, both makes horrendous statements
If everyone got 15 lakhs that will turn into inflation and the value of money will drop into 1Litre petrol around 500-700 Rupees. So that statement is just to fool on poor citizens.
My topic i suggested this one last month n it's here my fav topics 👍👍
Happy to see increase in frequency of videos of bosbo
Glad to hear that, Himanshu.
An issue which was just a 'game of big people' is what I thought. Thanks 😊 Bisbo
Real estate is where black money is, but no one can touch it as everyone is involved in it.
U deserve more subscribers bro. Great content in unique way as usual
Thanks Rajesh 👍
🔴As Always....
Love the Content Bisbo..💙
Thank you.
Bisbo limericks!!! Amazing work
Keep up the good work Mr. Bisbo
Awesome, your creativity and hardwork speaks through these intelligent contents
Thanks for your kind words, Tushar.
In Cochin Navy confiscated drugs worth 25,00,000 crores. If it is not confiscated, there are people waiting in cochin port to pay 25,00,000 crores
Wow great content 😍 love it
Thanks a lot, David 🙏
Which software do you use for animation sir?
Jai Hind and thankyou bisbo for providing excellent content.
Welcome Neeraj
Everywhere, shell company, property, startups, literally everywhere.
Now we know why Bachchan dances to government tunes like a coward
You're a genius. Please make more videos. You should cover more international news . The language is so lucid.
Thanks
i never think about what bisbo will upload on a thursday because they upload suprising and amazing topics
Thanks Naveen. Lovely to hear that.
Thanks bisbo for wonderful explanation
Glad you liked :)
Modi never said he will deposit money into everyone's account he said about the quantity of black money abroad will be equal to everyone getting 15 lac in their account ...do correct me if iam wrong bisbo 🙂
is it equal to 15 lac tho?
@@iota5722 I think it was equal to 15 lac when he said that speech becoz significant portion of our population didn't had any account that time ..not now due to Jan dhan everyone has an account right now 😆
@@prateekt4309 i Don't think he was talking about acounts tho, it was about population. Pretty sure of that one.
Yeah true
We acknowledge your perception of this point, Prateek. It can be looked either ways.
How do you make these videos? Very interesting
Ban Indian rupee in physical form. Only e rupi and UPI transactions should be allowed. Every rupee should have a digital trace. Make it impossible to do anything without leaving a trace.
the last line hits a home run...a team is all members not few honest faces used to disguise corrupt people
bisbo i wanted to point out that your translation of modi's speech was wrong,he said 'even if we can bring back black money of criminals deposited in foreign banks,it is enough that every poor man can be given 15 lakhs easily',he didnot say i will give the money(he only used it as analogy to tell voters the amount of black money in tax havens)
Yeah people always get it wrong
We acknowledge your perception of this point. The analogy can be looked either ways.
@@BisboWorld okay np😄
Cash transaction is the main reason
Big B lives a life similar to NRI,early 90's most in healthy business knew about the loop he was doing to avoid heavy taxes.
Vijay malayaa on other hand a son of employee who invested sensibly in the liquor company he work for many years.
Modi actually never said that he will deposit 15 lakhs. He said that there is so much black money in overseas accounts that he can credit 15 lakh in every citizen's account if all that money is recovered.
Most of black money is in india itself in form of real estate
Bjp never do raids on their own candidate
Instead they do it on opposition party
That to for election
All the parties do same things.
We are not seeing any scams in last 7 years in center even heavy flow , compared to congress which has involved in lot of scams .... Politically sometimes to do good to PPL need to make raids in effective time ... Not all times are good to raid
Well we have declining scams now
Also less corruption compared to highly corrupted ccp congress
A masterpiece from bisbo👍
Thank you Naveen 🙏
Thursday's Are Always Anticipated .....Only Becz Of News Story telling Bisbo
And we look forward to delivering every Thursday, Vishnu. :)
So true... Happy to see such an excellent video presented in an elegant manner on a regular basis. Thank you bisbo
Glad you enjoyed. Thanks 👍
Please setup a Applause Button. This channel Worth it.
Thanks
Hey Bisbo. I like all your videos. Can you make one on surrogate advertising and its scams?
IPL, GIFT city in Gujarat, Temples Trust, CSR by Companies, BKC Mumbai etc converting All BLACK MONEY into White OFFICIALLY without paying Taxes 😎
Thumbs up 👍👍 bisbo
Thank you
Best in class all time favorite channel ❤😍
Thanks a lot for the appreciation, Ajay. ❤️🌹
Very nice and perfect presentation 😊 ✌️🍀
Thank you, Indu 🙏
South Indian films have down to earth story added by silk saree-bindi wearing girls, temples, worships, breaking coconut and the likes.
i have been waiting for those 15 lakh rupees
Love ur videos man, u are doing amazing work. Its crazy how u do so much animation so quick, Respect man, love to u and never stop with the good work
Thanks Devesh
Totally agree
I don't know if this is relevant. But I wanna see bisbo covering on drug in Manipur. Opium here is cultivated in mass and cultivators even seemed to challenge the government. Few years back I could see blue mountains. But now I see patches in hills alloted for opium cultivation
I love your videos ❤
As usual awesome team :) 3 months free subscription is icing on cake :D
Thanks Samier. Always encouraging us
8:43 Mosi never said that get fact checked. Otherwise good video
Already subscribed but i am late but not least..I love ur work
Thank you. Glad to have you here.
Bro love your vedios a lot , sorry to ask you can you make more vedious atleast 2-3 in a week.
We are trying to that, Jithin. Surely in the coming months.
Awesome content
Thanks Gaurav
so informative
Rhanks
what abt demo & gst? what impact they had?
Make video on similraties PFI & SIMI
haha😂. I love that Paytm detail at 3:20 😉
A fitting answer to a fitting question. So what is the solution? Why is black money being created?
If we pay tax, most money would be taken by politicians. Not much infrastructure is developed so many people are trying to avoid paying tax
It happens most in 3rd world country rather than 1st world country
you are amazing dude
Thanks Karthik
According to me , you are most underrated youtuber after saiman says
Thank you 👍
Superb 👍
Thanks 👍
When was the last time you guys have seen a 2000rs note
No Doubt
"What goes around comes around"
Oneday they all have to pay a hefty amount for this.
Those who are found to have illegally evaded tax, they all surely
I didn't get 1 thing. How did these people were able to take their black money outside of India?
Request everyone to simply leave a comment
It will help him get reach
👍👍
Bisbo has all the right information but not PM Modi's actual statement. Poor bisbo.
Hahaha
BLACK MONEY has come BACK to india and is with us in all our accounts...
Hahaha
Thanks
Now the party has more black money than anyone else. In the name of electoral bonds it been legalized.
Sab jumla re jumala !!!
Very good content
Thanks Harish.
NICE
we want to know what is your opinion and prediction on these topics. Can you include those too
Heard you, Adarsh. We will include more of it.