IMPORTANT NOTE : * THIS IS AUTOMATIC TRANSLATION. THERE MAY BE SOME GRAMATICAL MISTAKES OR WRONG MEENING OF THE WORD OR PHRASE OR SENTENCE. SO UNDERSTAND THE MAIN POINTS OR THEMES.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
1.) In what way the Black money should return to our Country for the benefit of more than120 crores of innocent people ? 2.) Why our Governments are not able to solve this ?
3.) Is this one of the biggest problem for our country ?
4.) Why the money is accumulating in Swiss banks or flying out from our country to different countries in different methods ?
5.) Why other countries are utilizing our money for their benefit ?
6.) Why & how the Black money is going to the political people, Gundas, Anti-social people & Terrorists ?
7.) Why inflation is rising? Why & How this Black money is at last converting as unclaimed money for (in) those banks or countries. It is also by force or by cheating the invested persons who belongs to our country ?
8.) Why requesting other countries people to invest their money in our country without solving our Black money generating process or methods ?
9.) How to control the Black money in our country ?
10.)What are the political problems and how to control it ?
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
The Black money should return to our Country for the benefit of 120 crores of innocent people. How ?
India is sovereign, socialist, secular, democratic republic Country. For the sake of the country people our country can and must amend the constitution.
The Black money is being used for Elections, Tours, Restaurants, Real estate, Jewelry and many other. Almost all people, according to their strength, whether tax payers or not try to escape from paying the tax and increases the Black money in different ways. If that Black money increases in bulk amount and if it becomes out of their control then it will escape from the country in a number of methods and ways. For this they select the Swiss Banks and many kind of investments in many other countries.
Swiss banks have acquired worldwide celebrity due to their numbered bank accounts for and in moving this underground economy. The Federal Act on Banks and Savings Banks (colloquially known as the Banking Law of 1934) is the law that governs the regulation of banks in Switzerland. It created the current regime of bank secrecy that Swiss banks are famous for. Under the Banking Law of 1934, it is a criminal act for a bank to reveal the name of an account holder. The law helped establish Switzerland as the premier tax haven for foreigners, with Swiss banks accounting for trillions of deposits and transactions all over the world. Unfortunately our country is also a victim for this.
The international pressure on Switzerland forced it to amend their laws to some extent only just to satisfy the countries that they are cooperating with them. But never useful for any country to solve their Black money problem.
Our people say every day and every where … Why Government is not taking action on corrupt peoples ? And our Political people will promise to the people that they will bring back the Black money and they will eradicate the corruption. This is impossible in present conditions. So what we have to do?? Where is the solution for this? And how we should solve this?
First we should control the flow of our National money to other countries even as deposits or investments. Our money and our people should be utilized for our country people and development. The Basic point now in our country is we are not planning to control this and on the other hand we are planning to bring back the uncontrolled black money that already flew away from the country and that which is under the control of other countries which never accepts to return. Those countries will just prolong this for time being and our politicians will prolong this for their benefits in all elections. If those countries return this Black money to the concerned countries then their total economy will be damaged and they will be as the beggars on the streets. So they never accept this. The ridicules thing is just talking about the bringing the black money to our country and begging other countries and their people to invest in our country for various projects, industries or any other.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
The Black money should return to our Country for the benefit of 120 crores of innocent people. How ?
Many and Many international pressures on Swiss Banks and its Government will play a major role. They will force them not to amend/change their rules and disclose or return the Black money of their enemy countries or developing countries. Here we have to note one major important point- From the Swiss banks where this deposited black money is going as their secret business i.e., to which countries or terrorists or terrorist countries or for what and to which purpose they are using this Black money. Then all suffering or effected victim countries can understand this and then they will amend or changes their constitutions or frames their rules in their country and for their country.
In general if the Governments force their people or industries to pay heavy taxes or any other for the revenue then the people will hide their accounts, business, money and wealth. Then only the Black money increases and will be used for all secret illegal purposes in all times and in all situations and also will go out of the country.
If we observe the people all over the world – people are more afraid about their country people and not to the governments because all are the social animals with selfish attitude. So this is the most important point of obstruction in bringing back the Black money from the Swiss banks and the invested money in other countries. So we have to take steps basing on this point to bring back the black money and other investments in other countries to our country. In general criminals develop criminals + criminal attitude persons. In the same way the Black money. I will tell you how we should plan for this which will be very much useful to our country.
The efforts made by any one to increase the business or money or property are the most and most important point to any individual. Because it is their own hard earned money in different ways. They feel strongly that – that money or earnings must belong to them and to their children or to their related persons only or according to their discretion only. If the people feel that the money paid in various forms of taxes to the governments is utilized in a constructive way for the development of the nation and for their country people, then no one will object to pay even heavy taxes. The People will voluntarily come forward and give the money and every thing to the governments for the benefit of the Nation and people. So keeping this in our mind first we should control the flow of our National money to other countries even as deposits or investments. The most important point is Our money and Our people should be utilized for our country people and development only. So the governments should not frame the schemes which are only for some communities/castes or any other. The scheme should have universal acceptance in the country, with preventing the corruption and also should not go to the selfish persons hands. Then only the people will be very happy and come forward in participating for their country development. They will sacrifice every thing for their country. No one will become a criminal regarding this.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
Black money is basically two types.. 1.) Black money within India – which can be controlled and 2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back by implementing our Plans.
1.) Black money within India:
When we hear and talk regarding this black money, majority of the persons involved are senior bureaucrats (IAS,IPS officers), Ministers, MPs, MLAs, Chief Ministers, Commerce, Top Industrialists, Horse Trader, Liquor Trader etc., Within India the Black money is being used for gifts, Air travels, Restaurants, Tours, purchasing of Lands, Buildings, apartments Jewelry and antiques, establishing various business or industries, hospitals, Hotels, motels, lodges, restaurants, resorts and many by showing minimum expenditures on the constructions and maintenances, Maintaining the payments or salaries or commissions on records to some extent only and the black money invested or generated as off the records, expending the money lavishly, performing Marriages, functions or any other events as luxuriously, funds in Elections and like wise many other. This black money is utilized within the country and used for the benefit of other people and for themselves or as various types of donations. First and most important step is – We should control further increase of black money in India which is in our hands. For that we have to reform the tax systems in India.
We should remove the Income tax, Wealth tax, Property tax and Gift tax and also the declarations of the individual or corporate properties or any other to the government or to any other. The collected taxes by these methods are very less when compared with the other collected taxes. But the black money generated is giving more complicated cumulative problems to our entire national development… When the intelligence and science is increasing naturally earning methods and money can be increased by all means to the governments as well as to the people. Hence for the sake of more than 120 crores of citizens of India and for the development of the nation we have to take the bold & permanent steps
Then the total black money problem will be solved. This reflects on the other hand on the social and personal and cultural relationships and developments among the individuals which are must in India. Then every one will be happy. Then the hard earned profits of any individual or a firm will be with them and for their legal heirs only and will be useful for the country. If not the legally hardly earned money is becoming illegal black money, and the people are escaping/hiding like thieves to protect their own hard earned money. And criminal attitudes and illegal attitudes will be increased among the both rich and poor people. Because the lavish expenditures of this black money will give psychological impact on the rich people to behave lavishly and at the same time on the other hand this will create and give negative psychological impact on the poor people and it will create the illegal activities like increase of prostitutes, beggars, terrorism, looting like dacoits, robberies, kidnaps, or thefts and many. And final results will be as quarrellings in between the rich and poor people in the society. And this will give to chain reaction of court cases, allegations in the people and society and at the police.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
Black money is basically two types.. 1.) Black money within India – which can be controlled and 2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back by implementing our Plans.
2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back for the benefit of above 120 crores of people and development of our Nation.
The most useless and dangerous for us is the Black money escaped from the India which is utilized for the benefit and development of other countries and also for our enemy countries, & terrorists. Gender is not bar for this black money. Increase of Black money will not have any ideology.
First we have to know that In Swiss, under the Banking Law of 1934, it is a criminal act for any bank to reveal the name of an account holder and its transactions. The law helped to establish Switzerland as the premier tax haven for foreigners, with Swiss banks accounting for trillions of deposits and transactions. The pseudo international pressure on Switzerland forced it to amend their laws to some extent only just to satisfy the demanding countries which are cooperating with them. But never useful for the countries to solve their Black money problem. Because the majority money invested in the Swiss banks is being utilized for the development of the European countries, terrorist countries and other organizations. So their pressures on the Swiss Government will be negligible. Because if they increase pressure for the change of amendments based on the black money in the Swiss Laws, the first blow will be on their countries economy and their development. Further the main most important point is IF – the so called black money is returned to the India then in just a couple of years the India will be the super power in the world which is not acceptable by those (any) countries. Hence even by the international pressure, the pressures will vary in a different manner to obstruct the amendments of Swiss government or its Banks. We have to understand this. Here in each and every election period our all political parties and leaders are declaring that they will bring back the black money. And on parallel side to this, frequently some sensational news will be there that they got a list of Swiss Bank names and account holders and their balance and their transactions. This may be/may not be correct or genuine information. The list published or acquired by some one is not authenticated list and are not at all the proofs to handle for our government or in the courts. Because it is not authorized by the bank officials and by that Government/s. In the same way the declared account holder may are may not be the same person as mentioned in the list. It may be an alias name or fake address or it may be to defame the mentioned persons. Hence those lists are not proofs for taking proper actions. On the other hand if our government starts & try to increase pressures on the Swiss governments and their banks, then the immediate step in our country from the concerned Black money holders is – they will manage the leaders or the officials in different ways. Bulk bribing and threatening is so simple matter for them. Then the political people and the government officials acts will be diluted. And in other way we can also say that the political leaders for their wants and needs they will bring this Black money issue on to the screen in the public. Then only they will receive bulk amounts from the Black money holders and after winning in the elections after some period of time this issue will be diluted and goes back from the screen.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
Black money is basically two types.. 1.) Black money within India – which can be controlled and 2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back by implementing our Plans.
2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back for the benefit of above 120 crores of people and development of our Nation.
Next point to discuss is in those countries NO BANK will pay the money to any government/s or to any 3rd party under any kind of pressure. It is their rule. They will pay only to the account holder or according to the account holders instructions to any other or to the nominee/s and according to their norms. Hence our Political persons or Government or any other will be unable to pressure those banks to bring back the Indians Black money to India.
So to withdraw the Black Money our Government should take the bank’s account holders to that country or take needed authorizations from the account holders to withdraw the money. This is impossible to our Government or politicians because no one will accept that he/she has Black money in Swiss banks. This is due to his/her social and public relations in different aspects and various rules and punishments in India. So any of the Black money holders will never accept this. When he/she discloses this secrecy then the prestige in the country will be lost and he/she will be surrendered to court and will be punished at any point of time period. So no one will disclose and no money will return to our country. If the pressures from the police or government or any are increased on the suspected black money account holders then they will escape or immigrate to any other country after some period according to the convenient time available to them. Or if it is not possible to withdraw the amount from the bank in Swiss due the Indian government restrictions or Political pressures then their hires or nominees will migrate to any other country and they will settle there as that country citizens and enjoy that black money there. So we are not having any kind of possible steps to bring the black money. If the government and politicians continue their pressures for long time then slowly one by one within some period of time all persons with their near and dear will be migrated to some other country or countries and will enjoy the black money there in that migrated country. We have to protect these intelligent, intellectual people along with the money. If not we will lose them for ever from our country. Those intellectuals and their money will be utilized by some other countries for their development. The top 100 Indians black money is sufficient to give Maximum benefits to all Indian people in India. We have to change our basic rules to protect and for the benefit of more than 120 crores of Indians. We talk on development in all aspects. And when we expect the developments the financial status of each and every Indian is the main point which is visible and enjoyable to every one. First we need that development in Indians later on we can talk any thing. Our rules should minimize the criminals or criminal attitudes but they are increasing the criminal attitudes and criminals. Hence we can say that framing the rules are not giving root level solutions and fruits to our citizens.
So what we have to do ??
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
Wealth of our country is the properties present and that we build in the country. And health of the country depends on the way we satisfy and protect the rights of the citizens equally without any kind of discrimination. They both depend on vice versa.
Our political leaders or rules are trying to control the uncontrollable things in our country. Any government should protect the rights but not restrict the rights for some persons and it should be for the development of our Nation and also for the welfare of our all people. We have to remember that the temporary discriminatory unequal rights will rise the prolonged quarrels among the people and non stop agitations every where in the country. This process will lead to chain reactions of allegations all over the country.
Any scheme that which is framed for the people in India should reach every Indian irrespective of cast, locality, and without income limitations or any other conditions. If a rule is passed it should be applicable to each and every citizen of India. Any Scheme or rule should not be based on rich or poor people or any other kind of measurement. When the Government revenue i.e., the collected hard earned money from some people is utilized for the poor people without giving the same facilities to them, how they will accept the poor people in a soft way. They will all think and fix in their minds that the poor people are parasites on them ultimately to the country. The present situations of rules in every aspect are reflecting this only. — increasing discriminatory categories like white card, pink card, mentioning the annual income, caste or communities, ration for only lower status people and like that etc…Are there in our country. So this kind of discrimination among the people should be avoided in framing the rules and schemes. Hence if the discrimination in the rights of the citizens is there then it gives birth to individual’s black money and raises the black money in collective way which is not advisable for a country. Due to this the properties and intellectual people who are able to raise the wealth of the country will migrate to any other country along with their properties. Those people and properties have to be protected for the sake of our country and for our national development. And only according to the present rules those all said black money holders are the criminals and punishable.
If we observe the present rules and policies and politics, the present rules are supporting indirectly for the black money and increasing the black money. A small example is – If the legal money of any person or any other after the tax payment is utilized for acquiring some properties then a part of the amount will be converted into black money for both purchaser and seller and after some period the black money of the purchaser increases. Actually the purchaser and the seller are declaring false purchase price. It is due to the stamp duty and other expenditures. Present rules say that according to the stamp duty you have to pay it according to the government’s decided price and it is least bothered about whatever the selling price is there. I will discuss this more with you later on. There are many topics in this.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
There are many types of taxes that we pay to the State & Central Governments. They are Direct & Indirect taxes – I will tell you some of them. Professional Tax, Staff Professional Tax, Corporate Tax Rate, Custom Duty, Gift Tax, Income Tax, Fuel Tax, Advance Tax, Excise Duty, Service Tax, Entry Tax, Sales Tax, Property Tax, Entertainment Tax, NRI Tax, Dividend Tax, Payroll Tax, Estate Tax, Wealth Tax, inheritance Tax, Flat Tax, Poll Tax, Social Security Tax, Consumption Tax, Self Employment Tax, Transfer Tax, Octroi, Endowment Tax, federal Income Tax, Optimal Tax, Employment Tax, Value Added Tax, Death Tax. Funeral tax, Municipal Tax, Fire Tax, Water tax, Turnover Tax, Alternate Tax, Cash handling Tax, Fringe benefit Tax, Food and Entertainment Tax, Stamp duty and Registration fee, Surcharge, Levy Tax, Toll gate Tax, Luxury tax, Motor vehicle tax, Pollution tax, various types of Government fee and many other and finally Interest and Penalty. Political people and government will say that all are for the development of the Nation and for the people. It is 100% correct and it is for the benefit of the people only. But when they are giving negative results then we have to change our rules and regulations. The ultimate results must be for the people only.
You can judge easily… Why the Black money is increasing day by day in the country ? Is it advisable to support ? Or Advisable to punish the people ? Or Changes are to be made in the constitution and rules ??
As already I told in my previous posts the Main point is – The tax payers & all other persons are planning or trying to escape from paying the tax for/on their own hard earned money. Millions of people are maintaining Zero Accounts or Escaping with the help of their accountants or Chartered Accountants or Tax consultants or by managing the related officials. It is not possible to ride on every one or the high society people or top business men or political people. Even If there are departmental ridings on them, they are confident that they can escape by any method of escaping. Why the corruption is there ? Why such type of escaping needed for them ? Why the Harassments are there on them ? After certain financial limits, why the people are the Swiss Bank or Foreign Bank account holders or any other type of investors in other countries ? Day by day why the Black money in the people and corrupted black money of the officials is increasing ? Why that money is in underground and useless for the Indian Nation or for the National development or used for the mankind or public and why they lead the luxury life for them
HERE THE MOST IMPORTANT POINT TO OBSERVE IS – ALMOST ALL TAX PAYERS AND ALL OTHER PERSONS ARE TRYING TO ESCAPE TO PAY THE TAXES. THEY ARE BEHAVING LIKE “ THIEVES “ FOR THEIR OWN HARD EARNED MONEY ? WHY THIS KIND OF FATE FOR OUR CITIZINS OF OUR COUNTRY ?
The uncontrolled black money accumulated for an individual will fly away to the other countries — it may be the Swiss banks or to any other banks in any other country or as investments in other countries. Here we know only the about the Swiss banks but there may be many banks in this way in many countries or in future they may amend their banking rules like the Swiss banks for their benefit. Then what will be our Government and people’s position ? So we must relax and amend the rules in the India itself to control the name of Black money for the sake of our National development and it must be utilized for our people only.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
As I told in my earlier posts – When we remove the Income tax, Wealth tax, Property tax and Gift tax and also the declarations of the individual or corporate properties or any other to the government or to any other, then all black money hiding everywhere in India and also in any other country will come out and will be invested in our country only for the development of our nation. The total black money that flew away from our country will be back within a decade of time period. And no one will be interested to hide their money in other countries. Then Political people and governments can avoid begging other countries for the donations and investments to launch various industries in our country. Any government can’t do all works for the benefit of the Nation. People should be involved for the National development. By amending the rules and regulations people will come forward in different ways to serve the nation or the poor and the humanity character will be raised among themselves.
On the other hand the black money investors in other countries will have 24 hours and 365 days tense in their mind because their money is in other countries which may or may not be in their control after some period of time because of the changing tendency in the country. If they feel insecure then that deposited many will again fly to some other country – according to their will and wish. The Main risk points for them are 1.) They may forget forever their accounts and transaction details which are due to their age factor or physical factors or any other accidental factors. 2.) The Governments can suspect and restricts them and their family members in India. 3.) The Swiss bankers or its government or any other related persons in those countries can block their accounts intentionally to forfeit that deposited amount ( Because the banks and these black money holders never discloses their names any where so the deposit holders will not be able to claim in any court of law in any country. So this will be kept as an unsolved Life secret for the account holder. If they claim through the court they will be opened in the public with 100% proofs that they had the black money. So they never claim.) Taking this as an advantage factor those banks may do this activity frequently one by one for their benefits or for their governments. No one will be disclosed if this is happened. 4.) Due to the secrecy in the transactions these people and their family members are likely to be kidnapped for the money and that kidnappers may be that countries persons or even those banks persons or any other anti social persons or countries. Because these huge black money people never claims the money with fear because their names will be opened elsewhere. There are many points to discuss, I will discuss with you later on.
AND ALSO We have to start foreign money convertible (exchange) counters in our all banks without any limitations and free of charge. This is one of the most important points to bring back the black money. Framing rules with ridiculous conditions will not solve the problems in any country.
So we conclude and declare finally that In India No Government and politicians will be able to bring back the black money from the Swiss banks. It is impossible to them according to the present rules, regulations and conditions followed in our country and as well as in those countries.
Black Money ?
We will remove the Income tax, Wealth tax, Property tax and Gift tax and also the declarations of properties. No TDS and Service tax. We will remove the present GST and we will implement only 1% common GST.
How to bring back our money from the Swiss Banks and other types of invested money from various countries ? How to control it ?
Black money is basically two types.. 1.) Black money within India – which can be controlled and 2.) Black money that flew from India – which is not under the control of the Indian Government. But it can be back by implementing our Party Plans.
HERE THE MOST IMPORTANT POINT TO OBSERVE IS – ALMOST ALL TAX PAYERS AND ALL OTHER PERSONS ARE TRYING TO ESCAPE TO PAY THE TAXES. THEY ARE BEHAVING LIKE “ THIEVES “ FOR THEIR OWN HARD EARNED MONEY ? WHY THIS KIND OF FATE FOR OUR CITIZINS IN OUR COUNTRY ? The tax payers & all other persons are planning or trying to escape from paying the tax for/on their own hard earned money. Almost all are maintaining Zero Accounts or Escaping with the help of their accountants or Chartered Accountants or Tax consultants or by managing the related officials.
We should remove the Income tax, Wealth tax, Property tax and Gift tax and also the declarations of the individual or corporate properties or any other to the government or to any other. The collected taxes by these methods are very less when compared with the other collected taxes. But the black money generated is giving more complicated cumulative problems to our entire national development… When the intelligence and science is increasing naturally earning methods and money will be increased by all means to the governments as well as to the people. Hence for the sake of more than 130 crores of citizens of India and for the development of the nation we have to take the bold & permanent steps.
The uncontrolled black money accumulated for an individual will fly away to the other countries — it may be to the Swiss banks or to any other banks in any other country or as investments in other countries. Here we know only about the Swiss banks but there may be many banks in this way in many countries or in future they may amend their banking rules like the Swiss banks for their benefit. Then what will be our Government and people’s position ? So we must relax and amend the rules in the India itself to control the so called Black money for the sake of our National development and it must be utilized for our people only. Why the useless Black money is increasing day by day in the country ? Is it advisable to support ? Or Advisable to punish the people ? Or Changes are to be made in the constitution and rules ??