Swiss Bank Accounts

Swiss bank accounts: Names of industrialists Sanjay Dalmia, DK Himatsingka, dozen others revealed in Switzerland's Federal Gazette

Under the Automatic Exchange of Information (AEOI), India will start receiving information about cash stashed in Swiss banks from September 2019

Black money: Swiss government agrees to share details of two Indian firms and three individuals facing multiple probes

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator SEBI for multiple violations, while the other firm is said to have political links in Tamil Nadu.

Indian money stashed in Swiss banks fell by 80% between 2014 and 2017, claims Piyush Goyal

Goyal, who was replying to a question related to the black money of Indians deposited in Swiss bank accounts, the government sought 4,000 pieces of information from Swiss banks

Black money: India seeks Swiss help to probe alleged bank a/c of Cong's Preneet Kaur, son

Federal Tax Administration (FTA) of Switzerland also asked Kaur and Singh to file an appeal within ten days for exercise of the right to be heard

India has independent evidence on black money in Swiss accounts, says Jaitley

India today said it has independent evidence of Indians having black money in Swiss accounts and Switzerland has promised expeditious sharing of information in this regard.

Must read: How the Swiss are turning against the super-rich

Parts of the country are also considering scrapping the tax breaks that have lured wealthy foreigners such as Formula One driver Michael Schumacher, and Switzerland's richest man, Ingvar Kamprad, the Swedish founder of Ikea

Reliance, Jet Airways dismiss Kejriwal's Swiss account claims

Reliance Industries and Jet Airways , two of India's biggest companies, denied allegations from anti-corruption activist Arvind Kejriwal who accused executives of holding undeclared Swiss bank accounts.

SC misses the elephant in the room: whose money was Sahara playing around with?

The Supreme Court has sent Subrata roy of Sahara to prison for not paying up the dues of his OFCD holders to Sebi. But it is forgetting the bigger question: whose money was it anyway?

Gold may be the new Swiss bank: $1 mn of black money = 25 kg of gold

Artificial curb on gold imports may not work for they may increase smuggling. Moreover, the drive against Swiss bank accounts may be making small time illegal account holders opt for gold now

Bringing back black money: Why name-and-shame alone won't work in India

Beyond some public rejoicing over the naming of Indians with illegal wealth stashed abroad, a name-and-shame policy will not deter future evaders or help bring the money in. We need a carrot-and-stick approach to the problem,