[twblalock]

I would imagine that most of the wealthy Indian tax evaders have their money in Swiss bank accounts rather than large stacks of rupee banknotes hidden in their basement.

[intended]

Most wealthy tax evaders have long since brought their money back and laundered it already.

Tax Windows have been open for a long while, people seem to forget that there's been multiple amnesty Windows, the oldest being in the 90s iirc (could be late 80s).

[abraham_s]

There was a amnesty window open a few months back. I recall seeing an ad for a no questions asked amnesty with 50% and so tax rate.

[abraham_s]

Yes. This is going to affect tax evaders on a lower spectrum of wealth. Those who aren't wealthy enough to have offshore accounts.

Even that is a step forward.