Switzerland Banking Secrecy
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11 Indians Get Swiss Notices In Process To Share Banking Details
As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself.
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Indians' Money In Swiss Banks Now Nearly Half At Rs 4,500 Crore
Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
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Switzerland Eyes Exchanging Banking Information With 21 More Countries
Switzerland, which has been working to end its years-long practice of banking secrecy, said Thursday it aimed to dramatically increase the number of countries it cooperates with towards international fiscal transparency.
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Switzerland Discloses More Information on 2 Indians Named Earlier
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
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Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
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Full Transcript: In 6 Months, Expect First Good Results on Info on Black Money, Whistle-blower Herve Falciani to NDTV
After NDTV's exclusive interview on November 20 with whistle-blower behind the biggest data heist in the history of banking secrecy, the government established contact with Herve Falciani via NDTV in Paris. NDTV's Resident Editor in Europe, Noopur Tiwari spoke to Mr Falciani immediately after his first conversation with Indian investigators over th...
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Two 'Big Banks' Have Two-Third 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 the Swiss banking system, known for their famed secrecy walls.
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Indian Money in Swiss Banks Rise to Over Rs 14,000 Crore
Indians' money in Swiss banks has risen to over two billion Swiss francs (nearly Rs 14,000 crore), despite a global clampdown against the famed secrecy wall of Switzerland banking system.
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Black Money: Switzerland Begins Work for Automatic Tax Information Exchange Regime
Moving closer towards doing away with banking secrecy practices, Switzerland has started ground work for implementation of automatic exchange of information on tax matters.
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Black Money: India, Others Need to Wait till 2007 for Automatic Tax Information
India, Switzerland and 45 other nations had agreed upon automatic exchange of tax information, which is seen as a major step forward in global efforts against banking secrecy practices.
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Black Money: Switzerland, India, 45 Others Agree on Tax Info Exchange
In another step towards shedding banking secrecy practices, 47 nations including Switzerland and India, have agreed upon automatic exchange of information on tax matters.
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Switzerland not sharing information on bank accounts of Indians: Finance Minister
Mr Chidambaram, in a terse two-page letter to his Swiss counterpart Eveline Widmer Schlumpf, reminded him of the April 2009 declaration adopted by G20 leaders stating the "era of bank secrecy is over."
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Four tax havens join India in fight against stash funds
In a big boost in the fight against black money, four overseas jurisdictions including Liechtenstein where Indians are suspected to have stashed illicit funds have agreed to do away with banking secrecy ways by allowing automatic tax information exchange.
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Money laundering: Switzerland criticised by OECD tax forum
Switzerland has been listed alongside well-known tax havens in a new ranking by the Organisation for Economic Co-operation and Development (OECD), showing the country still has work to do on banking secrecy despite recent steps aimed at tackling the issue.
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Switzerland 'grandfather of world's tax havens': report
Switzerland, despite global efforts to crack down on the famed secrecy walls surrounding Swiss banks, was on top, followed by Luxembourg, Hong Kong, Cayman Islands, Singapore, US, Lebanon, Germany, Jersey and Japan in the top-ten of the inaugural worldwide Financial Secrecy Index.
-
11 Indians Get Swiss Notices In Process To Share Banking Details
As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself.
-
Indians' Money In Swiss Banks Now Nearly Half At Rs 4,500 Crore
Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
-
Switzerland Eyes Exchanging Banking Information With 21 More Countries
Switzerland, which has been working to end its years-long practice of banking secrecy, said Thursday it aimed to dramatically increase the number of countries it cooperates with towards international fiscal transparency.
-
Switzerland Discloses More Information on 2 Indians Named Earlier
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
-
Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
-
Full Transcript: In 6 Months, Expect First Good Results on Info on Black Money, Whistle-blower Herve Falciani to NDTV
After NDTV's exclusive interview on November 20 with whistle-blower behind the biggest data heist in the history of banking secrecy, the government established contact with Herve Falciani via NDTV in Paris. NDTV's Resident Editor in Europe, Noopur Tiwari spoke to Mr Falciani immediately after his first conversation with Indian investigators over th...
-
Two 'Big Banks' Have Two-Third 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 the Swiss banking system, known for their famed secrecy walls.
-
Indian Money in Swiss Banks Rise to Over Rs 14,000 Crore
Indians' money in Swiss banks has risen to over two billion Swiss francs (nearly Rs 14,000 crore), despite a global clampdown against the famed secrecy wall of Switzerland banking system.
-
Black Money: Switzerland Begins Work for Automatic Tax Information Exchange Regime
Moving closer towards doing away with banking secrecy practices, Switzerland has started ground work for implementation of automatic exchange of information on tax matters.
-
Black Money: India, Others Need to Wait till 2007 for Automatic Tax Information
India, Switzerland and 45 other nations had agreed upon automatic exchange of tax information, which is seen as a major step forward in global efforts against banking secrecy practices.
-
Black Money: Switzerland, India, 45 Others Agree on Tax Info Exchange
In another step towards shedding banking secrecy practices, 47 nations including Switzerland and India, have agreed upon automatic exchange of information on tax matters.
-
Switzerland not sharing information on bank accounts of Indians: Finance Minister
Mr Chidambaram, in a terse two-page letter to his Swiss counterpart Eveline Widmer Schlumpf, reminded him of the April 2009 declaration adopted by G20 leaders stating the "era of bank secrecy is over."
-
Four tax havens join India in fight against stash funds
In a big boost in the fight against black money, four overseas jurisdictions including Liechtenstein where Indians are suspected to have stashed illicit funds have agreed to do away with banking secrecy ways by allowing automatic tax information exchange.
-
Money laundering: Switzerland criticised by OECD tax forum
Switzerland has been listed alongside well-known tax havens in a new ranking by the Organisation for Economic Co-operation and Development (OECD), showing the country still has work to do on banking secrecy despite recent steps aimed at tackling the issue.
-
Switzerland 'grandfather of world's tax havens': report
Switzerland, despite global efforts to crack down on the famed secrecy walls surrounding Swiss banks, was on top, followed by Luxembourg, Hong Kong, Cayman Islands, Singapore, US, Lebanon, Germany, Jersey and Japan in the top-ten of the inaugural worldwide Financial Secrecy Index.
