"This constitutes tax evasion, illegal transfer of money abroad and a violation of foreign exchange regulations".
Ramdev has been demanding a robust ombudsman law to keep checks on government, a strong and independent Central Bureau of Investigation and efforts to act against tax evasion and illegal money sent to banks abroad.
Last spring, Italian banks siphoned off about 33 billion euros ($35 billion) after the government in Rome coaxed back Italian assets hidden abroad by decreeing an amnesty for tax evasion, which vies with soccer as Italy's most popular sport.
The principled debate needs to answer the question whether FATCA is the right solution for Americans, and if not, what is an alternative to capture tax evasion at home, illicit financial outflows by authoritarian regimes abroad and terrorism financing.
Shirin Ebadi, a human-rights lawyer and Nobel Peace Prize-winner who has criticised the regime from abroad, has been threatened with prosecution on charges of tax evasion if she dares to return home.Even on calm days, Tehran wears a scowling, joyless aspect.
At the time, the Chinese government had barred Ai from traveling abroad — an unofficial form of punishment for charges of tax evasion, which he and his supporters consider a politically motivated attempt to silence one of China's most outspoken intellectuals.
A new report by Dev Kar of Global Financial Integrity, a watchdog in Washington, DC, finds that tax evasion is rife, and that Indians with illicit cash tend to stash it abroad.
The first question will be what kind of life he returns to, whether he will be able to speak freely and travel abroad, and how much punishment still awaits him on charges of tax evasion.
Until recently, only nine auditors were assigned to a list of 54,000 cases involving money sent abroad, even after 24,000 of those cases were deemed likely to involve tax evasion, he said.
Some aspects are more problematic than others, not least concerning national law evasion, although 'there may be good reasons for people to bypass the law by travelling abroad'.
