(a) the names of the countries which have entered into agreement for bringing back black money during the last three years;
(b) the amount of money brought back into the country during the said period;
(c) whether the expected goals are not being achieved in the matter of black money; and
(d) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI SHIV PRATAP SHUKLA)
(a): During the last three years, 15 Double Taxation Avoidance Agreements/ Tax Information Exchange Agreements or amending protocols between India and other countries have entered into force for incorporating the provisions of exchange of information as per the international standards. The list of such countries is given in Annexure – A.
(b): The investigations in foreign assets cases have been conducted in HSBC bank accounts, ICIJ cases and Panama Papers Leaks. As an outcome of investigations conducted, the following undisclosed incomes have been detected on account of deposits made in unreported foreign bank accounts:
Type of Foreign Assets Case Amount of Undisclosed Income
HSBC Cases Rs. 8448 Crore
ICIJ Cases Rs. 11,010 Crore
Panama Paper Leaks Rs. 901 Crore
(c): No, Madam.
(d): Does not arise in view of (c) above.