Report Uncovers True Scope of India's 'Black Money'
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It would appear from India's unnaturally low taxpayer base, widespread anecdotal evidence of tax evasion, and lack of procedural clarity and prosecutorial energy on many aspects of tax collection that the country's Ministry of Finance, the Department of Revenue, and the Central Board of Direct Taxes are incapable of working cohesively.
Nonetheless, these bodies spoke in one voice last week through a "white paper" on the problem of black money in India that was tabled in Parliament by Finance Minister Pranab Mukherjee, who said in a prefatory note: