Parallel Economy has overtaken The Economy long back.In fact "parallel"has become "main": and "The Main"has become trivia .The underworld has ceased to exist-it has become The world.Decisions are taken in the underworld and the rulers implement them religiously, since they came to power with the help of liberal funding from the underworld who controls the parallel economy.As the age old saying goes,The Colonel rules the Army,Colonel's wife rules the Colonel,and therefore Colonel's wife rules the Army.
As per disclosures made by the Government of Germany to GOI,Unaccounted money of certain Industrialists of India has been assessed to tax and roughly 50% of such money has been recovered as tax.There is no news about any enquiry being made as to how the money came into the bank accounts in the first place.Has the money been siphoned out of India by means such as under invoicing or cuts on purchases from abroad etc?,In that case it is a violation of COFEPOSA.Considering the size of turnover the companies involved have,the monies found are nothing but petty cash.It can even be termed as cash kept there for the visiting company Tsars to have a Beer or two at their leisure time.
But the question is,what if it is only a tip of the iceberg?What if there is a constant under invoicing of exported material and cuts on raw material and machinery import?There are enough Tax Havana Islands in Europe and Caribia where the the mammoth Iceberg can hide itself.The mainline media is silent on these issues since they need the advertisement support of these Corporates.Among the ones caught with their pants down,there are corporate satraps who have significant stakes in the media ownership.These media are tools in handling Governments either by support or by coercion.They insulate the corporates from public attention to their evil deeds.
As per disclosures made by the Government of Germany to GOI,Unaccounted money of certain Industrialists of India has been assessed to tax and roughly 50% of such money has been recovered as tax.There is no news about any enquiry being made as to how the money came into the bank accounts in the first place.Has the money been siphoned out of India by means such as under invoicing or cuts on purchases from abroad etc?,In that case it is a violation of COFEPOSA.Considering the size of turnover the companies involved have,the monies found are nothing but petty cash.It can even be termed as cash kept there for the visiting company Tsars to have a Beer or two at their leisure time.
But the question is,what if it is only a tip of the iceberg?What if there is a constant under invoicing of exported material and cuts on raw material and machinery import?There are enough Tax Havana Islands in Europe and Caribia where the the mammoth Iceberg can hide itself.The mainline media is silent on these issues since they need the advertisement support of these Corporates.Among the ones caught with their pants down,there are corporate satraps who have significant stakes in the media ownership.These media are tools in handling Governments either by support or by coercion.They insulate the corporates from public attention to their evil deeds.
No comments:
Post a Comment