Black Money and Tax Havens by R Vaidyanathan

Black Money and Tax Havens is a book written by R Vaidyanathan, an Indian economist and professor of finance at the Indian Institute of Management Bangalore. The book was published in 2016 and focuses on the issue of black money and tax havens, which has become a major concern for many countries around the world.

The book provides a detailed analysis of the various factors that contribute to the creation of black money and the use of tax havens. Vaidyanathan argues that a lack of transparency in financial transactions, weak regulatory frameworks, and the ease with which money can be moved across borders are all factors that contribute to the creation of black money.

He also provides insights into the various ways in which black money is used, such as to fund criminal activities and to influence political decision-making. The book also explores the role of tax havens in facilitating the movement of black money across borders and the impact this has on the global economy.

One of the key arguments made in the book is that tackling the issue of black money and tax havens requires a coordinated effort between governments, financial institutions, and civil society. Vaidyanathan suggests a number of policy solutions, including greater transparency in financial transactions, stronger regulatory frameworks, and the use of technology to track the movement of money.

Overall, Black Money and Tax Havens is a thought-provoking and informative book that provides readers with a deeper understanding of the issue of black money and tax havens, and the challenges that need to be addressed in order to tackle this global problem.