From the Guardian:
India's prime minister, Manmohan Singh, has made an election campaign pledge to claw back more than $100bn (£68bn) of cash stashed abroad by the country's wealthy. Singh promised "definite steps within 100 days to recover this black money" if his Congress-led government is voted back to power next month. He also said India was pushing for an international agreement to share information between tax authorities. The Washington-based Global Financial Integrity project estimates that $136.5bn of illicit money from India was stashed abroad between 2002 and 2006.
That’s Congress being forced to join in on this issue because of pressure from the opposition.
All major Indian political parties now agree this is an issue to tackle.
Full marks to GFI!
Tax justice is spreading up the agenda.
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