Black money refers to money that is not fully legitimately the property of the 'owner'. A white paper on black money in India by the Government of India suggests two possible sources of black money in India. The first includes activities not permitted by the law, such as crime, drug trade, terrorism, and corruption, all of which are illegal in India. The second, more likely source is that the wealth may have been generated through a lawful activity but accumulated by failing to declare income and pay taxes. Some of this black money ends up in illicit financial flows across international borders, such as deposits in tax haven countries. According to a 2010 The Hindu article, unofficial estimates indicate that Indians had over US$1456 billion in black money stored in Swiss banks (approximately USD 1.4 trillion).
44% Incentives |
56% Punishment |
36% Incentives |
50% Punishment |
4% Incentives, give amnesty to violators who choose to disclose and bring their money back into India |
6% Punishment, for both violators and foreign banks that hide money |
4% Incentives, reducing excessive taxes will lower tax evasion |
See how support for each position on “Black Money” has changed over time for 68.2k India voters.
Loading data...
Loading chart...
See how importance of “Black Money” has changed over time for 68.2k India voters.
Loading data...
Loading chart...
Unique answers from India users whose views extended beyond the provided choices.
Explore other topics that are important to India voters.
@ISIDEWITH2mos2MO
The Israel-Hamas war is an armed conflict between Israel and Hamas militant groups that has been taking place in and around the Gaza strip since October 7 2023. The conflict started when Hamas militant groups fired rockets and attacked communities and military bases in southern Israel. 1,139 people…
@ISIDEWITH1wk1W
In 2024 global leaders including Joe Biden, Rishi Sunak and Emmanuel Macron publicly questioned the leadership of Israeli Prime Minister Benjamin Netanyahu. Their criticisms came after the Gaza War reached a stalemate in March 2024 as Israel was planning an invasion of the Gaza City of Rafah. Western…
@ISIDEWITH1wk1W
High density housing refers to housing developments with a higher population density than average. For example, high rise apartments are considered high density, especially in comparison to single-family homes or condominiums. High density real estate can also be developed from empty or abandoned buildings.…
@ISIDEWITH6mos6MO
Joe Biden signed the Inflation Reduction Act (IRA) in August 2022, which allocated millions to combating climate change and other energy provisions while additionally establishing a $7,500 tax credit for electric vehicles. To qualify for the subsidy 40% of the critical minerals used in electric-vehicle…
