It suggests to the Indian mind that there are individuals who are pursuing wealth for the sake of wealth; and in the process, throwing in names of two sons of politicians.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
Congratulations, for making me your fan dear author. I salute you! And I have to say I am becoming a fan of the Print.
I couldn’t agree more with you. Almost 100 percent of India’s listed companies on BSE and NSE have investments from foreign holdings. Almost ALL our FDI comes from Mauritius, Singapore, and the Virgin Islands. Almost ALL big media companies have investments from foreign holdings, be it NDTV, ZEE, Times or other recent small groups. Tax avoidance is not criminal, tax evasion is. My impression is that Indian express has been conflating the two and confusing its readers to get more visits. Indian Express didn’t even bother to put the DISCLAIMER that ICIJ.org put on its website that these transactions could be genuine. As a reader, I was left scratching my head as there was nothing of substance. Where was the criminality? Are Jayant Sinha, Sachin Pilot guilty of something? Or this is just plain old Punjab Kesri: “Kya Kuein mein Chudail hai” story?
Paradise Papers has brought a lot of classified information about offshore entities into the public domain. If someone who is named – 714 from India – has done nothing shameful, it is a simple matter to put out a press release, explaining the nature of the investment / relationship and how this is duly reflected in audited accounts and tax filings.
Congratulations, for making me your fan dear author. I salute you! And I have to say I am becoming a fan of the Print.
I couldn’t agree more with you. Almost 100 percent of India’s listed companies on BSE and NSE have investments from foreign holdings. Almost ALL our FDI comes from Mauritius, Singapore, and the Virgin Islands. Almost ALL big media companies have investments from foreign holdings, be it NDTV, ZEE, Times or other recent small groups. Tax avoidance is not criminal, tax evasion is. My impression is that Indian express has been conflating the two and confusing its readers to get more visits. Indian Express didn’t even bother to put the DISCLAIMER that ICIJ.org put on its website that these transactions could be genuine. As a reader, I was left scratching my head as there was nothing of substance. Where was the criminality? Are Jayant Sinha, Sachin Pilot guilty of something? Or this is just plain old Punjab Kesri: “Kya Kuein mein Chudail hai” story?
Paradise Papers has brought a lot of classified information about offshore entities into the public domain. If someone who is named – 714 from India – has done nothing shameful, it is a simple matter to put out a press release, explaining the nature of the investment / relationship and how this is duly reflected in audited accounts and tax filings.