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Why Dubai deals are under investigation? #BusinessTitBits


Dubai has been a favourite destination for parking of illegal funds of Indians, who may have evaded various laws, including FEMA and the Income Tax Act. With a zero tax regime and a very liberal banking system, with few questions asked regarding funds inflow and outflow, it has been a tax haven of sorts, which has been patronised not just by South East nations like India, but by the nearby African, Central Asian and European nations too. The question is why Dubai deals are under investigation? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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