Tuesday, December 12, 2017
Home > insurance > Dubai, till now considered a tax haven , has decided to share information of the…

Dubai, till now considered a tax haven , has decided to share information of the…


Dubai, till now considered a tax haven , has decided to share information of the bank accounts in the UAE with the Indian government starting from January 2018. This has sent jitters among several Indians, who are rushing to hide their undeclared wealth stashed abroad. Those who did not disclose their secret foreign bank accounts earlier, are using 'insurance wrappers' and the services of nominee directors so that they don’t have to face tax, penalty, and possible legal prosecution .



Source by pfmconnect

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