Chapter 439: Breaking the Ground
In fact, everyone knows that the biggest problem of India's taxation is still on the rich, but no one can afford to offend this class, so although the government has been clamoring for reform over the years, it is actually in the mud, originally Shakru thought that this tax reform was like this, but I didn't expect Prime Minister Singh to surprise everyone. Pen × fun × Pavilion www. biquge。 info
On this day, Shakru was lying in bed reading a book, and suddenly received a call from Mukesh, and without waiting for Shakru to ask, Mukesh hurriedly said: "Shaklu, watch TV, something is wrong, something is really wrong!" ”
The unknown Shakru hurriedly asked Ah Misha to turn on the TV and turn to the news station, in fact, all the channels are now broadcasting the same content, there is no need to change the channel at all, this is temporary news, Prime Minister Singh is issuing an announcement that affects the whole of India, that is, from today, that is, all the five hundred rupees and one thousand rupees banknotes in circulation from today and the evening of the 8th will be invalidated, and the 9th will take effect at 0 o'clock in the morning!
All banks in India will be closed for one day on the 9th, and ATMs will also be closed for one day. The Central Bank of India (CBI) will issue new versions of Rs 500 and Rs 2,000 banknotes on the 10th of this month. The two new banknotes feature the Red Fort, India's largest ancient palace, and the Mars rover Mangarion.
As soon as this news came out, not to mention Shakru, all Indians fell into a state of confusion.
Singh then explained the reason why he did this, which was to fight against black money.
In fact, as early as the beginning of Singh's tenure, he vowed to crack down on black money, ** and tax evasion. Currently, only 1 to 2 per cent of people in India are paying personal income tax.
In order to avoid taxes, many people do not deposit their money in the bank, so that the tax department cannot check the accounts, and everyone directly hides cash at home, including normal income, corruption and bribery, and all other shady money.
In order to call on everyone to take the initiative to report their income and pay taxes honestly, Singh once publicly appealed: "As long as you honestly take out the money you have hidden before to file your taxes, the government will not ask about the source of the money, and there will be no penalty, as long as you pay the taxes." ”
But this propaganda has not played any role, those who should evade taxes are still evading taxes, and those who should be making money are still making money. So this time Singh was angry, and directly opened a big move: "I'm so tolerant, you're still hiding, right?" Well, then I'm going to turn them all into waste! ”
In other words, there are only two options for those who hide cash at home: one is not to exchange it in India, or it will be regarded as gone, scrapped, all cash will be turned into waste paper, and the family property will be emptied overnight.
The second is to go to the bank immediately to change new money, but this also means reporting all your assets, how much money each person has, how much tax evasion, and the country instantly knows all about it
In fact, the abolition of large banknotes to curb money laundering is not an Indian invention, in fact, Modi is only a follower of Europe, in May this year, the European Central Bank has decided to stop issuing 500 euro bills, and earlier Singapore also stopped printing 10,000 yuan bills.
The UK's Serious Organized Crime Unit and Europol agree that criminals love the €500 bill. One million euros, if it is all 500 bills and weighs only 22 kilograms, can be stuffed into a computer bag. But if you use a 50-euro banknote, it will weigh 22 kilograms, and you have to fit it in a large suitcase.
I have to say that Singh's hand can definitely be regarded as a salary draw, earth-shattering, and beyond everyone's expectations, it is estimated that at least half of the people in India will not be able to sleep tonight, but this will definitely not include Shaklu, because he is definitely the most law-abiding businessman, at this time he is also glad that he did not make trouble for himself because of a trace of guilt in his heart, yes, this matter is just trouble for him, because he did not take those taxes in his eyes, I just think it's a hassle to deposit all the cash in the bank and then withdraw the new bills.
At this time, Shakru suddenly had a whim, and said to Ah Misha: "Honey, do you want to go out and watch a good show?" ”
Ah Misha asked a little puzzled: "It's so late, what can I do to watch?" ”
"Do you believe that all the bank deposit machines are going to be crowded with people now, and there will definitely be long queues, so it must be very lively, let's go, let's go out and have a look." Shakru explained with a grin.
Ah Misha said angrily: "Brother Shaklu, how old are you, why do you still love pranks so much." ”
But in the end, Ah Misha still didn't beat Shaklu, packed up her clothes and walked out of the house with him, and sure enough, as Shakru expected, there was a long queue at the nearby bank teller machine, and everyone looked anxious, and the whole scene was like China's Spring Festival.
Seeing this scene, Ah Misha said with some concern: "Brother Shaklu, otherwise let's take out all the money in the family and save it." ”
Sha Keru said disapprerovingly: "No need, this money can be exchanged at any time, so we don't need to join in the fun, and I haven't missed a penny of taxes, so I don't have to worry about anything." In addition, the cash at home is basically in US dollars, and there are not many rupees. ”
Ah Misha breathed a sigh of relief and said: "That's good, speaking of which, Brother Shaklu, you have a vision, and honestly making money and paying taxes is the most down-to-earth." ”
In fact, the biggest workload in this matter is the bank, the next day in the newspaper a high-level person in the banking industry pointed out that according to estimates, there are about 17 trillion rupees (NT$85 trillion) of banknotes currently circulating in the market in India, of which 80% are large-denomination banknotes, that is, about 13.6 trillion rupees (NT$6.8 trillion yuan) will be turned into waste paper 500 rupees and 1,000 rupees banknotes, which must be retrieved and exchanged by banks, which is a big nightmare for bank logistics.
The biggest nightmare, the banker said, is that each ATM can carry out about 150 transactions a day, and when it resumes tomorrow in accordance with government regulations, it will have to be replenished with new banknotes for people to withdraw during the day, including cash transportation and security.
In addition, people in the banking circles said that after the bank opens tomorrow in accordance with government regulations, it will inevitably face a large number of people coming to exchange banknotes and deposits, and it is necessary to prepare a large number of new banknotes and manpower to deal with them.
This new measure will also lead to additional costs for people. Since now only small denominations of 100 rupees and 50 rupees can be withdrawn, but ATMs have a limit on each withdrawal, and people have to increase the number of withdrawals; In urban areas of India, customers are only allowed to withdraw cash at ATMs for free 5 times a month, which will incur additional costs for people. (To be continued.) )