The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.
In order to identify tax evaders, the Income Tax department on June 17 said it will use 360 degree profiling and match the database of people filing returns with those of information about high value transactions.
The Income Tax department has decided to name and shame "chronic" tax defaulters by publicising their names and addresses.
Speaking to CNBC-TV18, Economic Affairs Secretary R Gopalan said the government was working on an easy, transparent mechanism to implement GAAR.
Amid growing concern over the problem of black money, President Pratibha Patil today said the war against the menace should be fought through domestic and cross-border measures.
Wealthy tax evaders with assets stashed offshore can come clean with US authorities under a new amnesty program letting them pay taxes with reduced penalties, the government said on Tuesday.
The Organisation for Economic Co-operation and Development (OECD) wants Switzerland to make the international hunt for tax evaders easier, a Swiss newspaper reported on Sunday.
Greece, struggling to cut deficits and dig out of its debt crisis, is getting tougher on tax evaders, enforcing a new law that allows immediate closure of businesses that violate tax regulations.