Round tripping Subject :Economy Context: Tax havens are used to roundtrip money into India Context: A tax haven is a jurisdiction with very low “effective” rates of taxation for foreign investors. In some traditional definitions, a tax haven also offers financial secrecy. However, while countries with high levels of secrecy but also high […]

Subject: Economy Context: Round tripping of funds is made easier by digital transactions. India can stem tax erosion by using AI-driven tools Concept: Round tripping Money leaves the country through various channels such as inflated invoices, payments to shell companies overseas, the hawala route and so on. After cooling its heels overseas for a while, […]

Subject: Economy Context: Raising questions of round-tripping through a maze of firms, an influential Pune-based businessman received over Rs 52 crore from an IL&FS (Infrastructure Leasing & Financial Services Ltd.) group company which he then used to repay his initial loan to the very same IL&FS company. Concept: Money leaves the country through various channels […]