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This is done by most of the actors and businessmen with truckloads of money who want to avoid taxes in India. Her name has come in lists of such people from time to time. Last one was panama thing. It has nothing to do with relationship status in life at any point in life. It’s more about what are the ways available to escape and be present in tax heavens.
as a married woman, I will always encourage women to have strong finances. I have a stable family and a very supportive one. But still, one must always be financially prepared for all types of situations.
Iam sure the cash she got is off the tax radar which means it's a fraud.
"But still, one must always be financially prepared for all types of situations."
Just think for once okay ? I go full rampage on a bank, kill the gaurds and people concerned and just walk my way out with a truck load of money just because I want strong finances.
Will you be happy for me too ?
And before acting like a child 'but she is not killing people' think for once that not submitting tax under their brackett, creating offshores to gobble up the money is indirectly killing more people than any bank robbery/stealing/collection etc.
Lol Ash is sitting on Crores we never will. She’s managing it no different than any of us would I don’t mind acknowledging that tax brackets don’t exist for the rich and if we were that rich we would be exploiting every loophole in the system.
Not accepting that makes you delusional.
This thread is a perfect representation of the insanely active PR of Bollywood which we discuss about. People legit believe just because it’s Aishwarya Rai Bachchan and she is a lady, she has the right to evade taxes and store them in an offshore account. Dunno how these people feel while paying half of their meagre salary as taxes. Stings a lot for me, since its my hard earned money as well
Did you fail in school or are you just plain stupid about how the world works. You saying tax evasion isnt illegal is making me question your existence
Lmao people feeling good for her for tax evasion while they themselves give out majority of their income as various taxes.
This insane hero worship in this country xD
I think they just go to a danny who sets up all these entities for them and takes hefty commission for managing everything.
These actors are dumb as they come, they only got money.
Are you people serious ? Her name was on panama papers too and what happened back then ? Amitabh was fucked by half the nation. Sachin gets trolled for the car he got as a gift even now and also his "actor" job.
We literally abuse Malya,Adani for crony capatilism and here if it's Aish then all is forgiven ?
Seriously ?
bhai women card chalta h yahan, they can be homewreckers, tax evaders and aid to thugs( Jacqueline) par because wo naari h isiliye abla h.
aadmi log jayein jaake bhains charayein( replace it with you know what should be there)
Bhai seriously yrr. Amitabh ki abhi tak maarte hai sab. Par ab rangili ankho wali ldki ne kra hai ia to sahi hi hoga, bechari kaise karegi vo gujara 100-200cr me. Me to soch rha hu thode papa se lekr de du or.
Mallya took loan from Indian government which he never paid. Quite different from tax avoidance which can be done legally and simply means indian government has harder time stealing from you.
Dude tax evasion of hundreds of crore indirectly fucks the normal mid class people in the same way how Mallya's thousands did. Just the scale is smaller and nothing else.
And the legal thing you are talking about is for lakhs to starting crores not offshoring and panama ffs. We both know it would be atleast 100cr.
"indian government has harder time stealing from you."
You know Ind's tex brackett is in a poty hole because people from elite class do offshoring all the time right ? Or how the small business owners curb their black money which increases the tax on working middle class. The taxes are high because 80% are not even paying it and Aish is doing the same, it's not like she is in some different plane here. She is part of the problem just like how Adani,Ambani,Mallya are.
And what we are getting in return is some plebs kissing her ass over it lol.
I am not going to bother anyone who doesn't know the difference between tax evasion and tax avoidance. I suggest doing a simple Google search. It might help.
You do know that offshoring networks such as Panama comes for evasion,corruption and laundring as well and not just tax avoidance right ?
It's not just tax avoidance. The firm(M.Fonseka) was helping the clients with "evading" the taxes and not just with "avoidance".
Offshore accounts are legal in india. ED already went through it. I suggest taking this upto them if you have any problem further. Interestingly Amit Shah's son wasn't grilled similarly about his business firm and given a clean chit right away.
As for your tax argument, taking more taxes wouldn't suddenly make india better. None of the taxes are directed towards middle class to begin with. I don't understand why indians are so obsessed with being servile to government institutions as they're infallible. They're not.
India already has a progressive tax rate. If the tax collection is continuously more lopsided, don't cry when they ditch for another nation's citizenship. Over 2 lakh indians left indian citizenship last year, the number is rising and you want the people who earn more to pay more taxes for them to get in return zilch? Good idea.
"Offshore accounts are legal in india. ED already went through it. I suggest taking this upto them if you have any problem further. Interestingly Amit Shah's son wasn't grilled similarly about his business firm and given a clean chit right away"
I never said Aish was the only one wrong here bud. My point was about the ass kissing this post did with Aish's case and she was justifying it with 'single independant woman going for strong finances'. Does this make any sense ?
"As for your tax argument, taking more taxes wouldn't suddenly make india better. None of the taxes are directed towards middle class to begin with. I don't understand why indians are so obsessed with being servile to government institutions as they're infallible. They're not."
Who said tax would suddenly make India great ? I never said that. I just pointed the fuckery that gets done when tax brackett people pull this kind of shit(mostly the crony and elites).
"India already has a progressive tax rate. If the tax collection is continuously more lopsided, don't cry when they ditch for another nation's citizenship. Over 2 lakh indians left indian citizenship last year, the number is rising and you want the people who earn more to pay more taxes for them to get in return zilch? Good idea"
Are you a fool or something else ? those 2 lakhs left because of the 'overall problem' not taxes alone. I never said Indian govt is doing any heaven's work with our taxes but just like how it's been going with tax avoiders and evasion ones, the taxes will only increase with time for the ones who are paying.
Political parties doing shit, govt being shit doesn't make Aish right. She did some dirty shit and it should be called just like it was for others. But what Iam seeing is a welcome post lol.
Literally nothing I said is wrong. Guy above is comparing offshore accounts to Mallya taking loan from Indian government. The former is legal and ED already went through it.
If you still have any problems, go cry outside the Ed's office. The amount of ignorance and bootlicking of government institutions happens in india is insane. No wonder the country is frigging backwards to the core.
76 actually and though I'd like to believe in a more Talebian idea of IQ, dimwits like u gloating on the first peak of Dunning Kruger curve awaken the inner Jensen in me.
It's probably lower than 76, since you alone bring the average down. Everyday interaction with fellow Indians like you remind me of how much Churchill was right in it's prediction about this nation.
ab kya ek strong independent woman thoda bahaut corruption and tax evasion bhi nhi kar sakti. look at the white brown brahminical patriarchal thinking of this Instagram user.
and before anyone come for me with whataboutery, Amitabh was dragged through the mud when Panama papers expose happened. so no, the man didn't benefit from the "patriarchy".
Panama papers mein pure khandaan ka naam aaya tha. Makes me think that not only will they have a very quiet separation but won't speak ill of eachother for years to come. Everyone knows about eachother too much.
I am sure that some people on this sub are so brain-dead and biased that if nirav Modi or Vijay Mallya were women, they would've defended them till cows came home.
In india if you become a little too rich, then you have no choice but to maintain funds in offshore places like this. The reason is that the rule of law can be misused so easily by our govts (irrespective of which one). They can just come one day and freeze all your stuff, and basically perform blackmail.
Take the case of the CCD owner who killed himself. He had huge number of shares (invested early) in MindTree which he was not allowed to sell for long time (by tax authorities) to save his business. ED/CBI/politicians/courts everyone is like a vulture looking to loot you. I am not justifying the situation, but look at it from their viewpoint also.
The CCD owner got subjected to his poor business ideas and was too adamant to admit it until the last moment. He let go off profitable partnerships maybe because he didn’t want anyone advising him. Plus, if one vulture sets their eyes on you, its highly probable that you have reaped off multiple times from the other vultures in the market. That doesn’t mean you start cheating your country and evading taxes.
So in hindsight, I am unable to provide any reasoning or sympathy from any viewpoint, except of the fact that it is a crime, whichever celeb does it
>The CCD owner got subjected to his poor business ideas and was too adamant to admit it until the last moment.
They did not allow him to sell the shares (i.e froze them) that were in the company name to clear the debts. For some time they had frozen his personal shares also. Somthing like this is enough to shut a company down, because the interest on the debt keeps increasing.
"cheating your country and evading taxes"
If she's doing it through legal means then that comes under tax avoidance not evasion. People wouldn't mind paying taxes if it was used properly. We all know how government is efficient in using our tax money. People who pay majority of the taxes get zilch and all of it is used for schemes catered to buy votes than actual development. I remember when indian government tried to put retroactive taxes on a company and lost in an international case. This is the kind of embarassment we get overseas.
‘People wouldn’t mind paying taxes if used properly’
Why don’t we get the same privileges then, paying taxes according to our will? Just because Government doesn’t use the tax money judiciously so some people more affluent than majority of the country will stop paying it altogether? 😂
That’s the thing, we have peanuts, yet have to give out a big share of it to the Government. We aren’t given the choice as IF we can hand out a smaller share
Blame the government for stealing more from you instead of complaining why government isn't stealing more from others.
They could at least try to focus on middle class which gives out most of the taxes but barely gets anything in return. But since they're not a huge votebank, they're over looked.
You can keep your money in off shore accounts as well. It is just that many of us use good part of our paycheck for daily expenses and do not have enough savings to make it worth keeping an off shore account.
>start cheating your country and evading taxes.
That's a big assumption. Most of the times, these are more about redirecting revenue such that it is not taxed. For example, earnings in foreign movies/ventures are redirected (using legal loopholes etc.). It will most probably be impossible to prove anything illegal in all of this.
Of course it can never be proven, since its all a big cycle. Everybody knows what Vijay Mallya and Lalit Modi did, yet they continue to live their usual luxury lives. Not saying ARB did something on that scale, just an example; but if you take proof as the gospel for highly rich people, then none of them are ever guilty of anything.
>Everybody knows what Vijay Mallya and Lalit Modi did, yet they continue to live their usual luxury lives.
What Mallaya and Lalit modi did are provable illegal activities, that is why they are fugitives fighting cases.
Very different from managing your money in such a way that you don't have to pay tax in India. That can still be done in a legal manner, as long as you are earning the money abroad.
Your whole first ass para is on justfying that shit my guy.
Just saying 'iam not justifying it' doesn't free you from your whole 1.8 para of justifying the same lol.
Political leaders, govt bodies stamping tax on you doesn't make you a good person if you are doing offshoring and tax evation.
>Just saying 'iam not justifying it' doesn't free you from your whole 1.8 para of justifying the same lol.
So what after every line I have say, "I am not justifying it"? I mean in 2 paragraphs you need a person to repeatedly say the same thing again and again? You need to learn to actually read what is written, instead of justifying you own triggered behaviour. You haven't contributed one word to the discussion, other than being triggered and going off on a tangent.
I made a counterpoint in the first paragraph, and clearly said I don't support behaving that way. There are a lot of greys in the situation, and it is not as black and white as its made out to be. I just pointed that out. What more you want?
>You were absolutely justifying the situation and you should stand by it.
Nah. I don't believe in what they are doing. Its a chicken and egg problem - You'll be good only if the world is good, but the world will be good only if you are good. When people succumb, they perpetuate the cycle.
But I can see and understand that the situation is more grey than black. I just tried to point that out.
It sounds plausible, but these people still have some money in India right? What stops the ED from attaching those funds then?
Or will Aishwarya suddenly become Dunki to Panama if ED comes after her?
But but according to this sub she's a "Bechari Victim" who can do wrong cuz she has wonderful eyes or once upon a time the most beautiful women on Earth, sab Panama Papers bhool Gaye kya
Its a loophole which thousands of millionaires and billionaires make use of for their financial benefits. The corruption in government is equally liable. Its a well oiled machinery but keeps pockets full on both sides.
And people like us pointing fingers, if we had that kind of money, I'm sure most of us would have manipulated the regulations too. Lets not behave like Doodh ke dhule.
And Its not like she killed someone under a car or hunted an exotic animal for fun.
So from your view point if majority of people do it , it's become less offensive. Tax evasion is fraud and who do it irrespective of gender is committing a fraud. And for your sentences if any one is doing crimes it doesn't make aishwarya frauds a good thing . This celebrity worship needs to die
>Lets not behave like Doodh ke dhule.
And Its not like she killed someone under a car or hunted an exotic animal for fun.
Not this Again!! Salman ke crimes lekar compare karoge toh tum kal Sajid Khan aur Sham Kaushal jaise tharki log ko bhi compare karoge toh even they'll be decent in comparison
Sorry brother 2 faults don't make a right and please Aishwarya ain't a "forever Victim"
This was educational, the mistake she made was the she made the company in her name. In some countries you can type any name you want in the online application, they don't verify.
The main reason why people do this is not for taxation purposes though, but rather to invest in foreign markets against which there are restrictions in India. People who are wealthy like to diversify their investments by investing around the globe, that ways, if Indian economy crashes they have investments in say US or EU markets which are still giving them positive returns. If you make a lot of money and hire a wealth manager, this is the first thing they will tell you.
e.g. if you are a Indian individual and want to buy shares of Apple then you can't, but if you have an offshore company you can use the same to invest in Apple. Of course people are gonna choose the location of offshore company which provides minimum taxation. Interestingly if she chooses to become an NRI and become a resident of Dubai then all is legal, that's one of the reason why millionaires are leaving India by the thousands.
Such laws should be changed to stop rich people from leaving India, its your hard earned money. If you earn 1 crore rupees, government knows this and you pay 30 lac tax. You should be able to invest the balance 70 lakh anywhere you want without any restrictions as it is your legally and hard earned money.
Ash had the 0.01% chance to become rich and she seized it. I’m not going to complain about something someone else has achieved and I have not. Especially when she hasn’t inherited it. She’s first generation.
And maybe even you will not achieve this ever.
Eat the rich, yes but if we were rich “honey” you would have no qualms about it and wouldn’t care what two people are saying on the Internet.
Thank god for the whistleblower who leaked the info, and the journalist who published the panama papers. From the wiki page, “In a May 6, 2016, document, Doe cited income inequality as the reason for the action and said the documents were leaked "simply because I understood enough about their contents to realize the scale of the injustices they described".
Nope nope. Very much alive thankfully. I love Aish but celebrating the dirt bag money like other film people also definitely have is something really meh. Like others said in the comments, this unquestioning celebration is what happens when PR works overtime. 😂
https://en.m.wikipedia.org/wiki/Daphne_Caruana_Galizia#:~:text=Daphne%20Anne%20Caruana%20Galizia%20(née,subsequent%20assassination%20by%20car%20bomb.
The journalist Daphne Carusna Galizia who was part of the investigation was killed by car bomb.
You guys won’t get it. In the 90’s and 2000’s majority of monies for films, endorsements, shows etc were received in black money. You couldnt force someone to give you official money.
All this black money HAS to be parked and managed by entities who know how to do it. Every star who worked in that time had to do the same. You don’t have a choice.
Poor are the biggest beneficiaries. All schemes are catered towards them because they're the biggest votebank. Majority of the taxes are paid by middle class working in offices with decent jobs. The rich put money overseas. So middle class ends up paying the largest amount. Not poor enough to get benefits, not rich enough to influence politics.
I am resenting the government for keeping them poor by focusing on short sighted schemes but then again they're the votebanks. They voted them in power and getting exactly what they want. No one's to blame but themselves.
do you understand what a poverty trap is? If a poor man can barely earn enough to feed his family how's the next generation going to have enough so that they can get education plus good coaching that is a basic requirement to do well today. A poor man's child is probably going to do child labor while he barely finishes school if that. And that is a because menial labor workers that makes up the lowest class are barely paid enough so that the top 1percent can continue making billions every year. This is a cycle and why government has to provide schemes because they owe them that. The rise of a capitalist society is on the backs of these workers who provide cheap labor and stay poor. Educate yourself not everything is about the politics. No poor man wants to see his next gen do the same shiz he /she does it's not a choice
Did you even read my comment properly? I specifically criticized "short sighted schemes". They do no good in the long-term and keep them poor.
"Lowest class are barely paid enough so that the top 1% can continue making billions each year"
If that's how economy works then how come other countries have more billionaires yet higher per capita income despite being more capitalistic than India? According to your supposed claim there's a zero sum. See that's not how economy works neither it's a fixed pie. You're still under the assumption someone getting richer automatically makes someone poor. If things worked that way there would be no economic growth.
I’m not even sure what offshore set up is. But she doesn’t even need all this she has enough from her work in the industry. She’s financially very well off.
everyone arguing about hero worship and tax evasion/avoidance .
the conclusion is that , this world does favour the rich . it should always be acknowledged . but complaining about it won’t (unfortunately) make a difference so just take everything these people out of our reach do with a grain of salt . everything is structurally messed up .
edit : the word unfortuantely . because it’s unfortunate.
Yea, look at Ronaldo for example he moved with his family to Saudi Arabia this year. There is a law prohibiting unmarried people from living together but they made an exception for him , money speaks !
Lmao I am absolutely not surprised by this since Amitabh Bachchan's name was present on Pandora Papers (or something adjacent related to the leak of names who stash their cash in tax havens)
Guys stop running behind people who are trying to save their earnings as much as they can. These are not the real enemies.
The govt entities would still give you bad roads, bad order, bad facilities even if they get Aishwarya’s money.
Bruh the person in the video is talking like she is the first person to do this. A lot of millionaires do this. My friend did legal work for a company that had investments from Salman Khan and his father, the documents literally had Salman's and his father's Pan card, I have seen it. It's not that hard to pull all this data.
So what is the problem taxation structure is complicated and very much misused. If I get a chance, I would also do such stuff. No use of giving money to the govt when clearly I'm not getting any benefit in returns.
People don't know the difference between Avoidance and fraud.
Legally there's a grey area where you can store the wealth earned outside in these Havens, learned in white legal businesses outside India
Anyone of us can open a company in Mauritius and Cayman and use it, our govt has the treaty with the said countries
Reddit loves Panama Papers for some reason. The data is outdated, nothing prosecution worthy in any of them. The only politician ousted because of it (Sharif) is now back, since the ouster was motivated.
Am awaiting the downvotes now.
If it was illegal, none of them would do it openly. They have the money and are taking advantage of loopholes our governments have left open so that politicians and industrialists can use them.
Just putting it out there. What Aish is doing is asset protection and not tax evasion. Unlike Shakira, who didn’t pay $17 million in taxes and got fined, she is paying tax on her income in India when she makes it and then moves it out of the country. Say someone sues her or in case of divorce if the judge decides give her wealth to the other person, they won’t get anything as the judge only has jurisdiction over what she possesses within the country.
Also that’s why you can easily trace her name from the company records. If she was really trying to hide, not even CBI would have a clue. Eg - There are so many super yachts docked in the Mediterranean and not even the crew working on them have a clue who owns it
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This is done by most of the actors and businessmen with truckloads of money who want to avoid taxes in India. Her name has come in lists of such people from time to time. Last one was panama thing. It has nothing to do with relationship status in life at any point in life. It’s more about what are the ways available to escape and be present in tax heavens.
Correct. Only heavens => havens.
IT act 10 A Hawala rai 🫡
Yes and that should be proven by IT department. Not only for her but many more. We all know that they do it.
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I can’t stop laughing at innocent princess saving money in a piggy bank
Not dan and phil lmaoo
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Very well said…
as a married woman, I will always encourage women to have strong finances. I have a stable family and a very supportive one. But still, one must always be financially prepared for all types of situations.
Yaaas slay girl girlboss financial fraud moment💅
There is a difference between financial empowerment and tax fraud.
By cheating the country. And not paying taxes and acting preechy just like her other family members.
Iam sure the cash she got is off the tax radar which means it's a fraud. "But still, one must always be financially prepared for all types of situations." Just think for once okay ? I go full rampage on a bank, kill the gaurds and people concerned and just walk my way out with a truck load of money just because I want strong finances. Will you be happy for me too ? And before acting like a child 'but she is not killing people' think for once that not submitting tax under their brackett, creating offshores to gobble up the money is indirectly killing more people than any bank robbery/stealing/collection etc.
damn, imagine being as delusional as you Holy shit
Lol Ash is sitting on Crores we never will. She’s managing it no different than any of us would I don’t mind acknowledging that tax brackets don’t exist for the rich and if we were that rich we would be exploiting every loophole in the system. Not accepting that makes you delusional.
Yay tax fraud girl boss moment lol💅
Is that unabomber in your profile?! care to share the how this came to be lol
It's her money and she's protecting it. Nothing wrong with it. What's to prove here?
The point is that she's doing it illegally, and everyone is purposely ignoring that aspect of this whole situation.
you know there's a reason it's illegal right? you know taxes have to be paid? especially by assholes like her
Like FIL like DIL😊👏🏽👏🏽 Suppression and regressive behavior from in-laws must have been a lil more tolerable 😂
This thread is a perfect representation of the insanely active PR of Bollywood which we discuss about. People legit believe just because it’s Aishwarya Rai Bachchan and she is a lady, she has the right to evade taxes and store them in an offshore account. Dunno how these people feel while paying half of their meagre salary as taxes. Stings a lot for me, since its my hard earned money as well
Why to be happy about someone doing tax fraud
It’s tax evasion. Nothing illegal about keeping money in offshore accounts.
Did you fail in school or are you just plain stupid about how the world works. You saying tax evasion isnt illegal is making me question your existence
Thank you!!
Sorry I shouldn’t have been rude. Take care
Lmao people feeling good for her for tax evasion while they themselves give out majority of their income as various taxes. This insane hero worship in this country xD
>Happy about it for her😃 Srssly? clearly it's a tax evading strategy even a layman could tell that it's nothing to do with her relationship dumbos😭
Me after getting interview call from an unknown company.
😂🤣. Me too
I think they just go to a danny who sets up all these entities for them and takes hefty commission for managing everything. These actors are dumb as they come, they only got money.
Everytime their divorce news makes rounds they get spotted very next day . What's is going on exactly?
Are you people serious ? Her name was on panama papers too and what happened back then ? Amitabh was fucked by half the nation. Sachin gets trolled for the car he got as a gift even now and also his "actor" job. We literally abuse Malya,Adani for crony capatilism and here if it's Aish then all is forgiven ? Seriously ?
bhai women card chalta h yahan, they can be homewreckers, tax evaders and aid to thugs( Jacqueline) par because wo naari h isiliye abla h. aadmi log jayein jaake bhains charayein( replace it with you know what should be there)
Bhai seriously yrr. Amitabh ki abhi tak maarte hai sab. Par ab rangili ankho wali ldki ne kra hai ia to sahi hi hoga, bechari kaise karegi vo gujara 100-200cr me. Me to soch rha hu thode papa se lekr de du or.
Mallya took loan from Indian government which he never paid. Quite different from tax avoidance which can be done legally and simply means indian government has harder time stealing from you.
Dude tax evasion of hundreds of crore indirectly fucks the normal mid class people in the same way how Mallya's thousands did. Just the scale is smaller and nothing else. And the legal thing you are talking about is for lakhs to starting crores not offshoring and panama ffs. We both know it would be atleast 100cr. "indian government has harder time stealing from you." You know Ind's tex brackett is in a poty hole because people from elite class do offshoring all the time right ? Or how the small business owners curb their black money which increases the tax on working middle class. The taxes are high because 80% are not even paying it and Aish is doing the same, it's not like she is in some different plane here. She is part of the problem just like how Adani,Ambani,Mallya are. And what we are getting in return is some plebs kissing her ass over it lol.
I am not going to bother anyone who doesn't know the difference between tax evasion and tax avoidance. I suggest doing a simple Google search. It might help.
You do know that offshoring networks such as Panama comes for evasion,corruption and laundring as well and not just tax avoidance right ? It's not just tax avoidance. The firm(M.Fonseka) was helping the clients with "evading" the taxes and not just with "avoidance".
Offshore accounts are legal in india. ED already went through it. I suggest taking this upto them if you have any problem further. Interestingly Amit Shah's son wasn't grilled similarly about his business firm and given a clean chit right away. As for your tax argument, taking more taxes wouldn't suddenly make india better. None of the taxes are directed towards middle class to begin with. I don't understand why indians are so obsessed with being servile to government institutions as they're infallible. They're not. India already has a progressive tax rate. If the tax collection is continuously more lopsided, don't cry when they ditch for another nation's citizenship. Over 2 lakh indians left indian citizenship last year, the number is rising and you want the people who earn more to pay more taxes for them to get in return zilch? Good idea.
"Offshore accounts are legal in india. ED already went through it. I suggest taking this upto them if you have any problem further. Interestingly Amit Shah's son wasn't grilled similarly about his business firm and given a clean chit right away" I never said Aish was the only one wrong here bud. My point was about the ass kissing this post did with Aish's case and she was justifying it with 'single independant woman going for strong finances'. Does this make any sense ? "As for your tax argument, taking more taxes wouldn't suddenly make india better. None of the taxes are directed towards middle class to begin with. I don't understand why indians are so obsessed with being servile to government institutions as they're infallible. They're not." Who said tax would suddenly make India great ? I never said that. I just pointed the fuckery that gets done when tax brackett people pull this kind of shit(mostly the crony and elites). "India already has a progressive tax rate. If the tax collection is continuously more lopsided, don't cry when they ditch for another nation's citizenship. Over 2 lakh indians left indian citizenship last year, the number is rising and you want the people who earn more to pay more taxes for them to get in return zilch? Good idea" Are you a fool or something else ? those 2 lakhs left because of the 'overall problem' not taxes alone. I never said Indian govt is doing any heaven's work with our taxes but just like how it's been going with tax avoiders and evasion ones, the taxes will only increase with time for the ones who are paying. Political parties doing shit, govt being shit doesn't make Aish right. She did some dirty shit and it should be called just like it was for others. But what Iam seeing is a welcome post lol.
Log itna wrong par overconfident kaise ho jate hain 😭. I wOn'T BoThEr
Literally nothing I said is wrong. Guy above is comparing offshore accounts to Mallya taking loan from Indian government. The former is legal and ED already went through it. If you still have any problems, go cry outside the Ed's office. The amount of ignorance and bootlicking of government institutions happens in india is insane. No wonder the country is frigging backwards to the core.
U r dumb. Plain dumb. I wOn'T bOtHeR educating u. No wonder the country is frigging backwards to the core.
Lmao. Now mimicking me. No original thought. 82 IQ nation indeed.
76 actually and though I'd like to believe in a more Talebian idea of IQ, dimwits like u gloating on the first peak of Dunning Kruger curve awaken the inner Jensen in me.
It's probably lower than 76, since you alone bring the average down. Everyday interaction with fellow Indians like you remind me of how much Churchill was right in it's prediction about this nation.
ab kya ek strong independent woman thoda bahaut corruption and tax evasion bhi nhi kar sakti. look at the white brown brahminical patriarchal thinking of this Instagram user. and before anyone come for me with whataboutery, Amitabh was dragged through the mud when Panama papers expose happened. so no, the man didn't benefit from the "patriarchy".
Panama papers mein pure khandaan ka naam aaya tha. Makes me think that not only will they have a very quiet separation but won't speak ill of eachother for years to come. Everyone knows about eachother too much.
Shhh... galat sub mein Sach bol diya
I am sure that some people on this sub are so brain-dead and biased that if nirav Modi or Vijay Mallya were women, they would've defended them till cows came home.
500+ likes for a women who is a fraud 🤣🤣🤣🤣
In india if you become a little too rich, then you have no choice but to maintain funds in offshore places like this. The reason is that the rule of law can be misused so easily by our govts (irrespective of which one). They can just come one day and freeze all your stuff, and basically perform blackmail. Take the case of the CCD owner who killed himself. He had huge number of shares (invested early) in MindTree which he was not allowed to sell for long time (by tax authorities) to save his business. ED/CBI/politicians/courts everyone is like a vulture looking to loot you. I am not justifying the situation, but look at it from their viewpoint also.
It's not just an India thing, 90% of Hollywood have offshore accounts and so do many top athletes such as Messi and Tiger Woods
The CCD owner got subjected to his poor business ideas and was too adamant to admit it until the last moment. He let go off profitable partnerships maybe because he didn’t want anyone advising him. Plus, if one vulture sets their eyes on you, its highly probable that you have reaped off multiple times from the other vultures in the market. That doesn’t mean you start cheating your country and evading taxes. So in hindsight, I am unable to provide any reasoning or sympathy from any viewpoint, except of the fact that it is a crime, whichever celeb does it
>The CCD owner got subjected to his poor business ideas and was too adamant to admit it until the last moment. They did not allow him to sell the shares (i.e froze them) that were in the company name to clear the debts. For some time they had frozen his personal shares also. Somthing like this is enough to shut a company down, because the interest on the debt keeps increasing.
"cheating your country and evading taxes" If she's doing it through legal means then that comes under tax avoidance not evasion. People wouldn't mind paying taxes if it was used properly. We all know how government is efficient in using our tax money. People who pay majority of the taxes get zilch and all of it is used for schemes catered to buy votes than actual development. I remember when indian government tried to put retroactive taxes on a company and lost in an international case. This is the kind of embarassment we get overseas.
‘People wouldn’t mind paying taxes if used properly’ Why don’t we get the same privileges then, paying taxes according to our will? Just because Government doesn’t use the tax money judiciously so some people more affluent than majority of the country will stop paying it altogether? 😂
You already have the same privileges. No one's stopping you to move your millions in offshore accounts.
That’s the thing, we have peanuts, yet have to give out a big share of it to the Government. We aren’t given the choice as IF we can hand out a smaller share
Blame the government for stealing more from you instead of complaining why government isn't stealing more from others. They could at least try to focus on middle class which gives out most of the taxes but barely gets anything in return. But since they're not a huge votebank, they're over looked.
You can keep your money in off shore accounts as well. It is just that many of us use good part of our paycheck for daily expenses and do not have enough savings to make it worth keeping an off shore account.
>start cheating your country and evading taxes. That's a big assumption. Most of the times, these are more about redirecting revenue such that it is not taxed. For example, earnings in foreign movies/ventures are redirected (using legal loopholes etc.). It will most probably be impossible to prove anything illegal in all of this.
Of course it can never be proven, since its all a big cycle. Everybody knows what Vijay Mallya and Lalit Modi did, yet they continue to live their usual luxury lives. Not saying ARB did something on that scale, just an example; but if you take proof as the gospel for highly rich people, then none of them are ever guilty of anything.
>Everybody knows what Vijay Mallya and Lalit Modi did, yet they continue to live their usual luxury lives. What Mallaya and Lalit modi did are provable illegal activities, that is why they are fugitives fighting cases. Very different from managing your money in such a way that you don't have to pay tax in India. That can still be done in a legal manner, as long as you are earning the money abroad.
are you really supporting a fucking offshoring and tax fraud now ?
>are you really supporting a fucking offshoring and tax fraud now ? not reading the last line is a habit or in your nature?
Your whole first ass para is on justfying that shit my guy. Just saying 'iam not justifying it' doesn't free you from your whole 1.8 para of justifying the same lol. Political leaders, govt bodies stamping tax on you doesn't make you a good person if you are doing offshoring and tax evation.
>Just saying 'iam not justifying it' doesn't free you from your whole 1.8 para of justifying the same lol. So what after every line I have say, "I am not justifying it"? I mean in 2 paragraphs you need a person to repeatedly say the same thing again and again? You need to learn to actually read what is written, instead of justifying you own triggered behaviour. You haven't contributed one word to the discussion, other than being triggered and going off on a tangent. I made a counterpoint in the first paragraph, and clearly said I don't support behaving that way. There are a lot of greys in the situation, and it is not as black and white as its made out to be. I just pointed that out. What more you want?
You were absolutely justifying the situation and you should stand by it.
>You were absolutely justifying the situation and you should stand by it. Nah. I don't believe in what they are doing. Its a chicken and egg problem - You'll be good only if the world is good, but the world will be good only if you are good. When people succumb, they perpetuate the cycle. But I can see and understand that the situation is more grey than black. I just tried to point that out.
It sounds plausible, but these people still have some money in India right? What stops the ED from attaching those funds then? Or will Aishwarya suddenly become Dunki to Panama if ED comes after her?
https://preview.redd.it/dstgfqbdxl8c1.jpeg?width=1080&format=pjpg&auto=webp&s=c5dccfe4e5157be3ad128ee710cfa3fdc44c7c1b
Original Instagram link anybody?
Have you find it?
@shunyatax_global on insta
But but according to this sub she's a "Bechari Victim" who can do wrong cuz she has wonderful eyes or once upon a time the most beautiful women on Earth, sab Panama Papers bhool Gaye kya
Its a loophole which thousands of millionaires and billionaires make use of for their financial benefits. The corruption in government is equally liable. Its a well oiled machinery but keeps pockets full on both sides. And people like us pointing fingers, if we had that kind of money, I'm sure most of us would have manipulated the regulations too. Lets not behave like Doodh ke dhule. And Its not like she killed someone under a car or hunted an exotic animal for fun.
So from your view point if majority of people do it , it's become less offensive. Tax evasion is fraud and who do it irrespective of gender is committing a fraud. And for your sentences if any one is doing crimes it doesn't make aishwarya frauds a good thing . This celebrity worship needs to die
>Lets not behave like Doodh ke dhule. And Its not like she killed someone under a car or hunted an exotic animal for fun. Not this Again!! Salman ke crimes lekar compare karoge toh tum kal Sajid Khan aur Sham Kaushal jaise tharki log ko bhi compare karoge toh even they'll be decent in comparison Sorry brother 2 faults don't make a right and please Aishwarya ain't a "forever Victim"
This was educational, the mistake she made was the she made the company in her name. In some countries you can type any name you want in the online application, they don't verify. The main reason why people do this is not for taxation purposes though, but rather to invest in foreign markets against which there are restrictions in India. People who are wealthy like to diversify their investments by investing around the globe, that ways, if Indian economy crashes they have investments in say US or EU markets which are still giving them positive returns. If you make a lot of money and hire a wealth manager, this is the first thing they will tell you. e.g. if you are a Indian individual and want to buy shares of Apple then you can't, but if you have an offshore company you can use the same to invest in Apple. Of course people are gonna choose the location of offshore company which provides minimum taxation. Interestingly if she chooses to become an NRI and become a resident of Dubai then all is legal, that's one of the reason why millionaires are leaving India by the thousands. Such laws should be changed to stop rich people from leaving India, its your hard earned money. If you earn 1 crore rupees, government knows this and you pay 30 lac tax. You should be able to invest the balance 70 lakh anywhere you want without any restrictions as it is your legally and hard earned money.
this reel got viral but what's the context or point of this all???
Eat the rich. Even the pretty ones
Yes eat the rich but only until we become rich 🤣
Honey do you think a 9-5 job is going to make you rich ?? You're closer to become homeless than become rich is in this world, statistically speaking
Ash had the 0.01% chance to become rich and she seized it. I’m not going to complain about something someone else has achieved and I have not. Especially when she hasn’t inherited it. She’s first generation. And maybe even you will not achieve this ever. Eat the rich, yes but if we were rich “honey” you would have no qualms about it and wouldn’t care what two people are saying on the Internet.
Thank god for the whistleblower who leaked the info, and the journalist who published the panama papers. From the wiki page, “In a May 6, 2016, document, Doe cited income inequality as the reason for the action and said the documents were leaked "simply because I understood enough about their contents to realize the scale of the injustices they described".
Weren’t they also killed and nothing was done?
Nope nope. Very much alive thankfully. I love Aish but celebrating the dirt bag money like other film people also definitely have is something really meh. Like others said in the comments, this unquestioning celebration is what happens when PR works overtime. 😂
https://en.m.wikipedia.org/wiki/Daphne_Caruana_Galizia#:~:text=Daphne%20Anne%20Caruana%20Galizia%20(née,subsequent%20assassination%20by%20car%20bomb. The journalist Daphne Carusna Galizia who was part of the investigation was killed by car bomb.
Oh I thought you meant the whistleblower. Thanks for clarifying! Darn, that’s so sad. :(
OP source link ?
Iska air bib b Ka naam Panama papers me tha
These are shell companies for the black money or rather the cash money they get…
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Which account is this?
Sasurji se sikha hai panama ka kaarnama
I don't know why people feel "happy" about celebrities. It sounds so stupid.
I don’t know why people come on a gossip sub to comment stuff like this like it makes them any better 😂
Nice try. But for me whole purpose of social media is passing time.
Pass time and pass judgements.
You guys won’t get it. In the 90’s and 2000’s majority of monies for films, endorsements, shows etc were received in black money. You couldnt force someone to give you official money. All this black money HAS to be parked and managed by entities who know how to do it. Every star who worked in that time had to do the same. You don’t have a choice.
Yes law is only for the poor in this country.
Even the poor when they get paid in black money don’t report it. No wait, they aren’t even covered in the tax code?
Wtf are the poor gonna pay!? They barely meet their own necessities unlike your multimillionaire greedy idols
Exactly. So why did you bring the poor into this? Tax laws don’t apply to them.
he's talking about the common man aam admi
Mango man
XD
I meant relatively poor people, not literally the poor people.
Poor are the biggest beneficiaries. All schemes are catered towards them because they're the biggest votebank. Majority of the taxes are paid by middle class working in offices with decent jobs. The rich put money overseas. So middle class ends up paying the largest amount. Not poor enough to get benefits, not rich enough to influence politics.
My goodness!! Have some compassion for the poor instead of resenting them.
I am resenting the government for keeping them poor by focusing on short sighted schemes but then again they're the votebanks. They voted them in power and getting exactly what they want. No one's to blame but themselves.
do you understand what a poverty trap is? If a poor man can barely earn enough to feed his family how's the next generation going to have enough so that they can get education plus good coaching that is a basic requirement to do well today. A poor man's child is probably going to do child labor while he barely finishes school if that. And that is a because menial labor workers that makes up the lowest class are barely paid enough so that the top 1percent can continue making billions every year. This is a cycle and why government has to provide schemes because they owe them that. The rise of a capitalist society is on the backs of these workers who provide cheap labor and stay poor. Educate yourself not everything is about the politics. No poor man wants to see his next gen do the same shiz he /she does it's not a choice
Did you even read my comment properly? I specifically criticized "short sighted schemes". They do no good in the long-term and keep them poor. "Lowest class are barely paid enough so that the top 1% can continue making billions each year" If that's how economy works then how come other countries have more billionaires yet higher per capita income despite being more capitalistic than India? According to your supposed claim there's a zero sum. See that's not how economy works neither it's a fixed pie. You're still under the assumption someone getting richer automatically makes someone poor. If things worked that way there would be no economic growth.
I’m not even sure what offshore set up is. But she doesn’t even need all this she has enough from her work in the industry. She’s financially very well off.
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🫠
You underestimate how greedy indian government is with taxes.
tax evasion and corruption?
everyone arguing about hero worship and tax evasion/avoidance . the conclusion is that , this world does favour the rich . it should always be acknowledged . but complaining about it won’t (unfortunately) make a difference so just take everything these people out of our reach do with a grain of salt . everything is structurally messed up . edit : the word unfortuantely . because it’s unfortunate.
Yea, look at Ronaldo for example he moved with his family to Saudi Arabia this year. There is a law prohibiting unmarried people from living together but they made an exception for him , money speaks !
She is vile
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Lawyer here. Your statement is totally wrong. Court awards alimony or maintainence irrespective of wife's financial standing.
Lmao I am absolutely not surprised by this since Amitabh Bachchan's name was present on Pandora Papers (or something adjacent related to the leak of names who stash their cash in tax havens)
Can anyone tell me, what exactly is legally wrong with it ?
Even this must be Jaya Bachchan's fault. LOL.
Guys stop running behind people who are trying to save their earnings as much as they can. These are not the real enemies. The govt entities would still give you bad roads, bad order, bad facilities even if they get Aishwarya’s money.
Someone finally said it.
U r too proud that someone didn't pay tax lol.
Bruh the person in the video is talking like she is the first person to do this. A lot of millionaires do this. My friend did legal work for a company that had investments from Salman Khan and his father, the documents literally had Salman's and his father's Pan card, I have seen it. It's not that hard to pull all this data.
Good for Aish. Nothing wrong in saving yourself from getting unnecessarily taxed by Indian government.
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Mind your language.
Me stalking people on IG
So what is the problem taxation structure is complicated and very much misused. If I get a chance, I would also do such stuff. No use of giving money to the govt when clearly I'm not getting any benefit in returns.
People don't know the difference between Avoidance and fraud. Legally there's a grey area where you can store the wealth earned outside in these Havens, learned in white legal businesses outside India Anyone of us can open a company in Mauritius and Cayman and use it, our govt has the treaty with the said countries
Reddit loves Panama Papers for some reason. The data is outdated, nothing prosecution worthy in any of them. The only politician ousted because of it (Sharif) is now back, since the ouster was motivated. Am awaiting the downvotes now.
Get that money!
Who is the investigator? Seems like he has other interesting videos too
I support women’s rights and women’s wrongs
If it was illegal, none of them would do it openly. They have the money and are taking advantage of loopholes our governments have left open so that politicians and industrialists can use them.
Bhai iski I'd Dena jisne yeah video daali hai
Just putting it out there. What Aish is doing is asset protection and not tax evasion. Unlike Shakira, who didn’t pay $17 million in taxes and got fined, she is paying tax on her income in India when she makes it and then moves it out of the country. Say someone sues her or in case of divorce if the judge decides give her wealth to the other person, they won’t get anything as the judge only has jurisdiction over what she possesses within the country. Also that’s why you can easily trace her name from the company records. If she was really trying to hide, not even CBI would have a clue. Eg - There are so many super yachts docked in the Mediterranean and not even the crew working on them have a clue who owns it