Switzerland will be able to provide banking and other details sought by other countries, including India, from next month about a 'group of persons' even without their individual identification
Often accused of providing safe havens to black money from India and other countries, Switzerland has proposed a new bill to prevent its banks and other institutions from accepting "untaxed assets" from their clients.
The activists protested outside the Ambani family home in south Mumbai and outside the HSBC headquarters in the city.
Who is the relatively unknown Annu Tandon, who has been accused of stashing away wealth in a Swiss bank account.
The Congress MP said that Kejriwal's allegation, that she holds a Swiss bank account, was baseless and defamatory.
Taking a cue from the fabled treasure-vault of the Sri Padmanabhaswamy Temple in Kerala, in neighbouring Tamil Nadu, some “descendants” of the Pandya dynasty say that wealth belonging to their forefathers worth hundreds of crores is lying in Swiss banks.
The Indian tax authorities are gradually moving towards an amoral approach towards bribery and illegality.
The White Paper on black money does not lead us much beyond academic discussion of the problem. Black money is being moved around; it is one step ahead of the taxman.
In a development that will boost the fight against black money menace, Switzerland has agreed to provide details of secret bank accounts of individuals sought by India even on the basis of limited information.
Far from chasing the illegal money held abroad, the next budget may offer an amnesty scheme to bring back some of the wealth.
Swiss bank whistleblower Rudolf Elmer says the Indian government isn't earnest about tracing black money from overseas tax havens.
There is growing pressure from the US on Swiss banks to reveal more on American tax evaders. This might very well be a strong sign for New Delhi to start pushing for information on Indian tax evaders.