Black Money & Tax Havens - By R Vaidyanathan

Описание: About This Talk:

0:22 Issues Related with Black Money – Domestic Black Money, Tax Havens, Bribery Issue (Wholesale & Retail Bribery).

3:36 Corruption in Government – Bribery in Public, Private & Outsourcing section, Bribery in Jobs.

11:35 Failure of Reforms in India – P.V. Narasimha Rao Reforms, Domestic corruption, Legislations a Corruption Tool.

17:32 Corruption Estimations – Shadow Economy, Global Black Money, Indian Black Money, Tax Heavens, Tax Thefts by Corporates.

22:57 Indian in Position in Black Money – Global Financial Integrity Estimates, SIT (Supreme Court) Committee on Black Money, Politically Exposed Persons.

29:52 Tax Heaven: A concern for Whole World – G-20 on Tax Heavens, Automatic Transmission of Information, Terror Financing, FCRA Law in India.

34:52 Reason for Corruption in India – Family Politics, Lack of Public Probity, National Security Issue.

40:21 – Q & A Session

Speaker:
Prof R Vaidyanathan is one of India’s Best Management Minds who recently retired after being a part of the teaching staff at IIM, Bangalore for almost thirty years. The IIMB expert on Finance & Control and author of several fascinating books on the Indian economy also featured in Thinkers50 India list.
  
The concerns with tax havens are misunderstood only as the place to run away from tax and its link with black money is critical to understand. The definition of tax haven also encompasses escaping from criminal laws and democratic scrutiny and accountability. In this context, the lecturer explains ideas of domestic black money, food and adulteration act, wholesale bribery, trade missed pricing, rise of technology in removing domestic retail corruption with simple yet powerful examples and sarcastically demonstrates how corruption can be labelled as the most secular activity in India. Further, through analysing various challenges like terror financing rising in India, Vaidyanathan Sir alerts how the black money issues are also turning into a national security problem and explains steps to get black money back. This calls for a new economic architecture at international standard, devoid of any tax havens along with a push for honesty and transparency in public life and conscious steps not only at the central stage but also at every level. Ultimately, apart from teaching regular courses in terms of capital market analysis and marketing methods, our education system must also inculcate some Dharmic values like “nirahankāraḥ” and “aparigraha” in students parallelly to eradicate corruption, which can also be beneficial throughout one's life.

For related Indic Talks and Indic Courses, see

Website - https://www.cisindus.org/
Facebook -   / cisindusuniversity  
Twitter -   / cis_indus  

Indic Talks : https://www.cisindus.org/videos/
Indic Courses : https://www.cisindus.org/courses/
Indic Varta : https://www.cisindus.org/indic-varta/