| Untitled Document
AS per the OECD, the international campaign against tax havens has
resulted in about Euro 14 bn from would-be tax evaders.
A
study done by the OECD shows that about one lakh taxpayers in 20 major economies
revealed previously undetected offshore assets enabling taxmen to mop up about
USD 19 bn.
Italy has emerged as a key beneficiary of the
crackdown. A voluntary disclosure scheme helped mop up additional revenues of
Euro 5.6 bn, the Study noted.
A similar scheme in the USA helped recover 2.7
billion dollars from more than 30,000 taxpayers. Germany had collected
additional tax revenues of 1.8 billion euros from as many as 30,000
taxpayers.
The OECD stated that the number of requests for
tax information from various jurisdictions previously considered to be tax
havens had leapfrogged from nearly zero into the thousands, with Switzerland
alone getting hundreds of requests since 2009.
|
