Black Money

The effect of black money strictly for rich countries is seen as a freshman . Hiding millions of black money in Swiss banks appear to have planned to return to it now . Such people are bringing her hidden withdraw cash from Swiss banks . Because it is made with European countries and the U.S. Government Contracting States . Switzerland 's paradise called black money enormous pressure in the major countries were forced to sign contracts .
To avoid this, people - what are you trying to measure expose France , Italy and Spain , including many European countries, the customs officer . Look , it 's a spectacle . Paris train station , a trader waits on the platform . There is nothing unusual . But tax officials did not do away with the sharp eye . They searched him out envelopes filled in for 3.5 million euros . He asked whether he was going to catch the train to Belgium . The money was confiscated . EU rules require anyone over 10 thousand euros in cash can not take without giving prior information to the authorities .
This is not a lone case . Collect Boris Boiln now . He served as French ambassador in Iraq and Tunisia . The French Legion of Honor was awarded to them . With substantial cash in July, he was bewitched by customs officers . The amount notorious for his privacy was derived from Swiss bank accounts . This, he returned to France . Their purpose was not tax cuts on black money , tax evasion nor stained them .
Coming from Switzerland traders , professionals and not only tourists , diplomats seizure of such amount is common . Many times, India - Asian countries including China, to eliminate the black money or cash for Mneelandring being taken to the European countries . Cash for carrying luggage , cake boxes, potato chips bag from the pocket of the children is also being used . These are often bundles of notes of 500 euro .
OECD efforts paid off
The recent financial crisis in rich countries since the organization was plagued against black money . Instead of paying people their black money deposited in Swiss banks , including tax were taken to Heaven . The OECD continued its campaign against international pressure .
India is also set to benefit from this initiative .