Swiss Accounts

HSBC black money list: Why taxmen are still groping in the dark

The case pertains to a list of 600 Indians whose details were stolen by an employee of HSBC in 2008 and handed over to the French government, which decided to share them with India. The Indian authorities are, however, hesitating make public the names in the list.<br /><br />

Tax haven clampdown yields cash but secrecy still thrives

Western tax authorities have individually stepped up efforts to net more money hidden abroad by their own citizens through a series of amnesties targeting people with accounts in jurisdictions such as Switzerland and Liechtenstein.

Black money: Why is India doing private deals with tax cheats?

An amnesty offer is being made to 100 wealthy Indians on a list of 700 citizens with HSBC accounts in Geneva that French authorities gave to the Indian government last year.

Swiss bank deposits: Indians 55th biggest clients

While India accounted for only 0.14 percent of total foreign money in Swiss banks, the United Kingdom accounted for the largest share of little over 20 percent

Shame them! Black money held abroad is not just a tax issue

The illegal wealth stashed abroad by Indians is not just about tax evasion. It is a form of treason. So why is the government prevaricating on naming them?

Mr FM, can taxman do quiet deals with Swiss a/c holders?

A business newspaper has reported that 17 Swiss account holders have quietly disclosed their evasions and paid up taxes. Is a clandestine VDS on?

So many Indian millionaires but why a dearth of private bankers?

A dearth of fee-spinning alternate investment vehicles such as hedge funds and private equity, and an underdeveloped corporate bond market means most investments are channeled into run of the mill equity products, bank deposits, and government bonds.

Swiss bank skeletons tumbling out of corrupt cupboards

The names of a few top Indian businessmen and corporates are believed to be on a list of Swiss bank account holders handed over recently by the French government. Where will the trail lead?

It's official : Indians hold more than Rs 11,000 crore in Swiss banks

Two of the largest Swiss banks, UBS and Credit Suisse, account for most of the deposits from Indian entities.However, judicial scrutiny and political outcry over stashing of black money in Swiss banks seems to be forcing Indian' entities to move their monies to other safe havens like the Middle East, Singapore and Mauritius.

Baba, here's a Dummy's Guide to black money & tax havens

The present value of illegal financial flows held abroad is nearly $500 bn. That's nearly 35-40% of our GDP. Baba Ramdev and Anna Hazare are on the right track about corruption and black money, but whether a fast will get the money back fast is anyone's guess.