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It's Raining Black!: Chronicles of Black Money, Tax Havens and Policy Response

Shailendra Kumar (Author)

It’s Raining Black! Chronicles of Black Money, Tax Havens & Policy Response is a unique combination of legal and policy level developments. The book is spread over eight chapters dividing the analysis into two broad aspects, first, the domestic perspective and secondly, the international arena. The underlying theme of the book is that unless domestic generation of black money is curbed, our gallant efforts to retrieve wealth from tax havens would not meet with much success. The book attempts to provide an effective approach for the Government to combat the multiple aspects of black money in a comprehensive manner. This work is more than a legal treatise as it not only deals with the legal complexities of DTAAs and domestic legislation, but also makes an objective assessment of facts and events which have influenced the campaign against black money in the past few years.

The book reveals how the relationship between corruption and black money has been institutionalized by vested interests of key stake-holders and beneficiaries. The book also highlights the need for judicial intervention in combating the issue of black money. In the backdrop of several ground realities, the book presents the much talked about The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 in a different dimension and raises pertinent questions for serious contemplation by the Government.

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About the author

Shailendra Kumar

Shailendra Kumar is Officer on Special Duty, currently on deputation from the Ministry of Commerce and Industry, Government of India to the Centre for WTO Studies at Indian Institute of Foreign Trade (IIFT), New Delhi. He belongs to the Central Secretariat Service which he joined after qualifying the 1992 Civil Services Examination. He has worked extensively on the multilateral trading system with particular emphasis on trade in services.

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Bibliographic information

Title It's Raining Black!: Chronicles of Black Money, Tax Havens and Policy Response
Format Hardcover
Date published: 31.12.2015
Edition 1st. ed.
Language: English
isbn 9789351434269
length xxxi+327p., Illustrations; 25cm. + 1 CD-ROM