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Blog: On Black Money, The Government Has It All Wrong

Let's first get the semantics out of the way. Finance Minister Arun Jaitley has stated that the "Income Declaration Scheme" he introduced in the latest Budget to unearth black money is not an amnesty. In his own words - "It is not a VDIS (Voluntary Disclosure of Income Scheme) and it is not an amnesty. Inequality arises in amnesty, that on a certain income, you as an honest tax-payer have paid 30% and you come after 20 years and say ...
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