Baba Ramdev’s financial naiveté is only to be expected. But i am astonished that the media endlessly repeats the myth that enormous hoards of black money are lying in Swiss banks.
Only financial illiterates will leave their money in Swiss banks offering very low interest rates (sometimes under 1%). To maximize their gains and hide their cash trail, savvy crooks route their money through various tax havens, and then seek the assistance of financial managers to maximize gains.
Only financial illiterates will leave their money in Swiss banks offering very low interest rates (sometimes under 1%). To maximize their gains and hide their cash trail, savvy crooks route their money through various tax havens, and then seek the assistance of financial managers to maximize gains.
click on above link for full article
No comments:
Post a Comment