Govt taking action against black money hoarders
New Delhi: The government today said it is taking action against black money hoarders and those who have stashed illegal funds abroad, even as it is facing opposition from some quarters on this front.
"We have entered into treaties with a number of countries (on the black money front). We are getting information on this front action is also being taken some people are complaining why are we taking action we are doing so because this is our responsibility," Union Law Minister Salman Khurshid said.
Minister of State for Personnel V Narayanasamy, who also briefed reporters on similar issues in Delhi, said Switzerland has assured India of providing classified data related to taxation issues in this regard.
"Switzerland has given a commitment that they will give secret information whatever they have by that (agreement) we are able to get lot of information about the money that has been stashed outside, especially Switzerland and other countries," he said.
India has signed such agreements with various countries, he said, while recounting the names of countries with which India has inked or revised tax information exchange treaties.