Banking In Switzerland

German-Swiss taxation treaty good guide for black money: HSBC India head

HSBC India Head Naina Lal Kidwai has said India can look at Germany-Switzerland type taxation treaty whereby taxes on secret Swiss bank accounts are shared without disclosing the identity of the offender.

Black money abroad: White paper gives no accurate figure

The government's much-awaited white paper on black money, gives no official estimate of the illicit money stashed by Indians abroad.

Foolish to expect blackmoney in Swiss banks, says Hegde

r N Santosh Hegde has said that it's foolish to expect blackmoney stashed away in Swiss banks by Indians as they would have "cleaned out" by now and transferred it to other tax havens.