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Black money in tax heavens should be declared the national property
For
- Black money which was supposed to be taxed for the benefit of nation did not get taxed. Now when the Government is realizing all the black money from the corrupt people then it should be declared it as the national property for the benefit of nation.
- By making it a national property this money can be used for the development of nation.
- According to IMF reports Indian economy is valued at Rs 200 lakh crore. Once we get the black money back we will be close to US economy.
- It will set an example in the society for the corrupt and they will hesitate to do it again.
Against
- Black money should be taxed as per the tax laws and should not be declared the national property.
- There are more chances of its misuse if it is declared the national property.
- Corrupt politicians will use it for their own benefit rather than using it for nation’s benefit.
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