The day secret banking is outlawed is not far off. But India needs more. Richard Murphy, a chartered accountant in the UK who fights against tax havens, says that developing countries (read India) need a better model to break the secrecy than the OECD one ‚Äî under which the country seeking information needs to give the name and account numbers of the suspected looter. India needs to fight for a better regime.
India must be a leader in this global crusade.
I'm delighted to play a tiny part.
I warmly welcome Indian commitment to lead a global crusade. If it materialises the impact would be very significant.