UBS whistelblower Birkenfeld lodges request for return to Europe
Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.
Dec 23, 2014, 08:00 AM IST
Swiss bank holds key rate but warns of deflation risk
Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".
Dec 11, 2014, 17:45 PM IST
Black money: Switzerland moves closer to automatic tax info exchange
Switzerland Wednesday agreed to join the global framework that allows automatic exchange of tax information, a move that would bolster efforts of various countries, including India, in their fight against black money menace.
Nov 19, 2014, 23:12 PM IST
Black money: Assocham against govt disclosing names
Amid a growing clamour for naming of alleged black money holders, industry body Assocham Sunday said the government should not prematurely disclose the names of such persons as it could hamper battle against this menace.
Oct 26, 2014, 12:10 PM IST
Black money: A breakthrough has been achieved, says Jaitley
Finance minister Arun Jaitley on Friday said that Switzerland has agreed to share details on account holders in timely manner.
Oct 17, 2014, 18:53 PM IST
Black money: Switzerland to provide info in a time-bound manner
As India steps up its pursuit of black money stashed abroad, Switzerland Wednesday agreed to assist Indian authorities on a priority basis and provide requested banking information in a time-bound manner.
Oct 15, 2014, 22:10 PM IST
End of Swiss banking secrecy in sight by 2018
Switzerland`s embattled banking secrecy could be dealt a final death blow in 2018, after the government decided on Wednesday to launch talks with other nations on the automatic exchange of account details.
Oct 08, 2014, 23:15 PM IST
UBS pays 1.1-billion-euro bail in France for tax fraud
Swiss banking giant UBS has made a 1.1-billion-euro ($1.4 billion) bail payment for allegedly helping rich French clients to hide money in Switzerland, a lawyer for the firm said Tuesday.
Sep 30, 2014, 22:18 PM IST
Bank, foreign trip details on I-T returns likely soon?
SIT has initiated steps for bringing back black money stashed away by Indian citizens in foreign banks.
Aug 22, 2014, 10:30 AM IST
Credit Suisse says arranged securities for BES
Swiss banking giant Credit Suisse on Tuesday confirmed that it had created investment vehicles for scandal-mired Banco Espirito Santo before it was bailed out by the Portuguese government.
Aug 19, 2014, 23:25 PM IST
Black money pursuit: Swiss amend key law on foreign requests
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
Aug 10, 2014, 17:42 PM IST
Black money: India gets 24,000 pieces of secret foreign data
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
Aug 10, 2014, 14:05 PM IST
UBS charged with tax fraud in France: Judicial source
Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said.
Jul 23, 2014, 23:16 PM IST
Swiss money trail: From gold & diamond to stocks & bitcoins
As Switzerland commits to cooperate in India's fight against black money, a new strategy of 'layering' through gold and diamond trade has come to light at Swiss banks to thwart any attempt for identification of real beneficiary owners of funds entrusted with them.
Jun 29, 2014, 19:05 PM IST
Switzerland to work with new Indian government on tax evasion
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland Sunday said it is looking forward to working together with the new government of India in its fight against tax evasion.
Jun 23, 2014, 17:36 PM IST
No official information from Switzerland on black money: Arun Jaitley
As per latest data published by Switzerland's central bank SNB, Indian money in various Swiss banks rose by 43 percent during 2013 to close to Rs 14,000 crore.
Jun 23, 2014, 14:41 PM IST
No communication from Swiss banks yet, will seek info: Jaitley on black money
Finance Minister Arun Jaitley on Monday said that the finance ministry has not yet got any details on the un-taxed money in Swiss bank that Indians have stashed.
Jun 23, 2014, 13:52 PM IST
Share all info regarding Indian black money: CPI to govt
CPI on Sunday asked the government to share all information regarding Indian black money parked in foreign banks as Switzerland was readying a list of Indians suspected to have un-taxed money in Swiss banks.
Jun 22, 2014, 20:56 PM IST
India to get Swiss bank details; SIT readies for further action
The names of certain Indian individuals and entities came under the scanner of the Swiss authorities during an ongoing exercise and the list of such persons and entities is being shared with India.
Jun 22, 2014, 19:41 PM IST
Indian money in Swiss banks rise to over Rs 14,000 cr
The funds held by Indians with banks in Switzerland rose by over 40 percent during 2013, from about 1.42 billion Swiss francs at the end of previous year.
Jun 19, 2014, 15:58 PM IST
