Union Finance Minister expressed his views on making the names of the foreign account holders handed to the apex court would violate the tax treaties, India has signed with other nations and could sabotage the investigations to unearth black money.
“An unauthorized disclosure of information is fraught with both investigation and economic consequences. They can sabotage the investigation. They can attract sanctions in the form of withholding taxes,” he said in a Facebook post titled “Confidentiality clauses and the battle for tracing black money outside India”.
His comments came on the day in his address to the nation over radio, Prime Minister Narendra Modi said that bringing back black money from outside the country is an “article of faith” for him.
