Amend laws to bring back black money: Naidu
TDP president N Chandrababu Naidu has demanded that the existing diplomatic laws should be amended to bring the back the black money stashed in tax havens.
Objecting to the statement of Prime Minister Manmohan Singh that the laws would not permit the country to bring back the black money to the country, Naidu said: “this was nothing but inefficiency on the part of the Prime Minister. If needed, the diplomatic laws should be amended to bring back the black money. All the countries, which are facing the problem, should collectively wage a war against countries allowing the corrupt politicians to stash their money in tax havens,” Naidu said.
Naidu was addressing a massive dharna organised today at the Indira Park to protest against the spiraling prices of essential commodities.
Naidu alleged that several politicians, who earned huge money through illegal means in the country, parked their money in Swiss and other banks. “The Congress government is shirking its responsibility to bring back the money, as it feared that names of their big leaders will come to light,” Naidu alleged.
He said that ` 73 lakh crore black money belonging to the country was stashed in tax havens. Corruption is the main evil responsible for the price rise, he added.
He said that the prices of essential commodities have increased from 100 per cent to more than 300 per cent in the last six years.
On the petro-price hike, Naidu demanded the Centre to roll back the prices and the state should reduce the VAT. “The state government should reduce the tax on the sale of petroleum products existed in 2004. Set 2004 tax structure as a cut-off date. Do not increase the taxes, whenever petro prices are hiked,” Naidu said.
TDP president N Chandrababu Naidu has demanded that the existing diplomatic laws should be amended to bring the back the black money stashed in tax havens.
Objecting to the statement of Prime Minister Manmohan Singh that the laws would not permit the country to bring back the black money to the country, Naidu said: “this was nothing but inefficiency on the part of the Prime Minister. If needed, the diplomatic laws should be amended to bring back the black money. All the countries, which are facing the problem, should collectively wage a war against countries allowing the corrupt politicians to stash their money in tax havens,” Naidu said.
Naidu was addressing a massive dharna organised today at the Indira Park to protest against the spiraling prices of essential commodities.
Naidu alleged that several politicians, who earned huge money through illegal means in the country, parked their money in Swiss and other banks. “The Congress government is shirking its responsibility to bring back the money, as it feared that names of their big leaders will come to light,” Naidu alleged.
He said that ` 73 lakh crore black money belonging to the country was stashed in tax havens. Corruption is the main evil responsible for the price rise, he added.
He said that the prices of essential commodities have increased from 100 per cent to more than 300 per cent in the last six years.
On the petro-price hike, Naidu demanded the Centre to roll back the prices and the state should reduce the VAT. “The state government should reduce the tax on the sale of petroleum products existed in 2004. Set 2004 tax structure as a cut-off date. Do not increase the taxes, whenever petro prices are hiked,” Naidu said.
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