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Old Sep 12, 2009 | 4:47 pm
  #34  
Mr. Bean
 
Join Date: Apr 2009
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Originally Posted by oontiveros
It's funny but as a foreigner and investor (most have to be quite vigilent about this), we keep all accounts clean and pay all taxes, not so for the 80% of Indians who hide in black money and evade taxes. The tax leakage is quite high here in almost every sector and the reason is mainly that collection is poor...the ones who are watched are the foreigners...certainly not the crooked politicians who hide crores and crores of cash under someone else' mattress.
Yes, the standards are different for the two groups, but only when it means more money coming into govt. coffers.

As aktchi has pointed out, things are repeatedly hitting rock bottom in Indian commerical aviation now-a-days.
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