73 Swiss banks ask US to revise proposed tax amnesty deals
The disclosure program that allows some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their US customers was signed by more than 100 Swiss banks in December.
Oct 24, 2014, 08:57 AM IST
Swiss agrees to provide details of black money: FM
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
Oct 17, 2014, 20:08 PM IST
Black money: Top Indian tax team heads to Switzerland
A high-level delegation of tax and revenue officials is set to soon travel to Switzerland in order to pursue cases of black money and secret accounts held by Indians in banks in the Alpine nation.
Oct 14, 2014, 17:10 PM IST
India may have to wait for automatic exchange of Swiss info
Switzerland has started a process for putting in place a mechanism for automatic exchange of tax information with foreign jurisdictions, but the Alpine nation has decided to focus only on EU and the US.
Oct 12, 2014, 14:52 PM IST
Black money issue: Indian, Swiss officials to meet soon
Indian and Swiss government officials are expected to meet in the coming weeks as both countries seek to address issues revolving around alleged black money.
Oct 09, 2014, 15:16 PM IST
Foreign clients move Rs 25 lakh crore away from Swiss banks
As India steps up its pressure on Switzerland in its black money pursuit, foreign clients' funds worth 350 billion Swiss francs (nearly Rs 25 lakh crore) have left Swiss banks in the past six years.
Aug 31, 2014, 18:13 PM IST
Swiss banks hit by huge deposit outflow in tax crackdown
Swiss banks have suffered from a massive outflow of funds since 2008, a survey said on Friday, squeezed by an international crackdown on tax evasion.
Aug 29, 2014, 21:34 PM IST
Black money: India get Swiss banks' data of hoarders
Tax investigators pursuing instances of black money stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details of personal balances in these banks, brought under the tax net recently, for lesser penal action for evasion.
Aug 24, 2014, 16:06 PM IST
Black money: Switzerland invites India for discussions
As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters.
Jul 20, 2014, 15:15 PM IST
No list of Indians holding money in Swiss banks: FM
India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures, the Rajya Sabha was informed Tuesday.
Jul 08, 2014, 18:48 PM IST
Black money: Make requests that are 'justified', say Swiss banks to India
As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be "properly justified".
Jul 06, 2014, 17:23 PM IST
India, Switzerland deny sharing 'black money' details
Switzerland has not shared any information or given assurance on sharing details about Indian account holders in Swiss banks, where a major portion of India`s "black money" is suspected to be stashed, governments of both countries said Monday.
Jun 23, 2014, 18:56 PM IST
Swiss govt's decision to share list will help in further enquiry: SIT chairman
Chairman of the Special Investigation Team (SIT) Sunday appreciated Swiss government's decision to share the list of account holders with India saying that it will help in further enquiry which was on a hold up till now.
Jun 22, 2014, 22:50 PM IST
Swiss govt prepares list of Indians with suspected black money
In a major boost to India's fight against black money, Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in Swiss banks and the details are being shared with Indian government.
Jun 22, 2014, 18:13 PM IST
Swiss money: India moves up to 58th rank; UK remains on top
The rankings are based on the direct client exposure as also the funds held through 'fiduciaries' or wealth managers with a total of 283 banks in Switzerland.
Jun 22, 2014, 15:08 PM IST
Two big banks have 2/3rd of all Swiss money of Indians
It is just two big banks -- UBS and Credit Suisse -- which appear to be accounting for almost two-third of the total money held by Indians in Swiss banking system, known for their famed secrecy walls.
Jun 20, 2014, 17:59 PM IST
