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Black
money information can't be made public: PM
Wednesday January 19, 2011 08:04:21 PM,
IANS
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New Delhi: Prime
Minister Manmohan Singh Wednesday made it clear that information
on black money stashed in tax havens abroad can't be made public
as it will entail violations of its treaty obligations.
"The information will not be made public. It will be a violation
of the treaty," Manmohan Singh told reporters when asked about the
government's stand on black money stored by Indians in tax havens
abroad.
"There is no instant solution to bring back what is called black
money. We have got some information and that has been provided to
us for use in the collection of taxes," he added.
As per the guidelines of the Organisation of Economic Cooperation
and Development (OECD), India has signed independent treaties with
a host of countries and territories to share information on
illegal transfers, often referred to as black money.
Manmohan Singh's remarks came on a day the Supreme Court voiced
displeasure over the government's reluctance in providing full
information on the black money stashed by Indians in foreign
banks, saying it was a theft of national wealth and amounted to
"plunder" of the nation.
BJP president Nitin Gadkari Tuesday had alleged that the
government's reluctance to disclose names points the needle of
suspicion towards it and dared the Manmohan Singh government to
make public the names of Indians who have deposited black money in
tax havens.
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