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Swiss money trail: From gold & diamond to stocks & bitcoins

Last Updated: Sunday, June 29, 2014, 19:05

As Switzerland commits to cooperate in India's fight against black money, a new strategy of 'layering' through gold and diamond trade has come to light at Swiss banks to thwart any attempt for identification of real beneficiary owners of funds entrusted with them.

Switzerland to work with new Indian government on tax evasion

Last Updated: Monday, June 23, 2014, 17:36

As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland Sunday said it is looking forward to working together with the new government of India in its fight against tax evasion.

No official information from Switzerland on black money: Arun Jaitley

Last Updated: Monday, June 23, 2014, 14:41

As per latest data published by Switzerland's central bank SNB, Indian money in various Swiss banks rose by 43 percent during 2013 to close to Rs 14,000 crore.

No communication from Swiss banks yet, will seek info: Jaitley on black money

Last Updated: Monday, June 23, 2014, 13:52

Finance Minister Arun Jaitley on Monday said that the finance ministry has not yet got any details on the un-taxed money in Swiss bank that Indians have stashed.

Share all info regarding Indian black money: CPI to govt

Last Updated: Sunday, June 22, 2014, 20:56

CPI on Sunday asked the government to share all information regarding Indian black money parked in foreign banks as Switzerland was readying a list of Indians suspected to have un-taxed money in Swiss banks.

India to get Swiss bank details; SIT readies for further action

Last Updated: Sunday, June 22, 2014, 19:41

The names of certain Indian individuals and entities came under the scanner of the Swiss authorities during an ongoing exercise and the list of such persons and entities is being shared with India.

Indian money in Swiss banks rise to over Rs 14,000 cr

Last Updated: Thursday, June 19, 2014, 15:58

The funds held by Indians with banks in Switzerland rose by over 40 percent during 2013, from about 1.42 billion Swiss francs at the end of previous year.

First meeting of SIT on black money now on June 2

Last Updated: Saturday, May 31, 2014, 00:17

The first high level meeting of the Special Investigation Team (SIT) on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians has been advanced and will now be held here on June 2.

India asks Switzerland to ratify global tax convention

Last Updated: Thursday, May 22, 2014, 16:04

India has asked Switzerland to expeditiously ratify the OECD convention on automatic exchange of tax information, a move which will help deal with menace of black money.

Credit Suisse stock climbs after US tax fraud deal

Last Updated: Tuesday, May 20, 2014, 14:31

Shares in Credit Suisse climbed on Tuesday, a day after the Swiss banking giant was fined $2.6 billion by US authorities after pleading guilty to helping Americans avoid taxes.

Pak seeks to recover $200 bn black money from Swiss banks

Last Updated: Friday, May 09, 2014, 22:09

Pak government aims to bring additional 100 thousand in the following years.

Info requests beyond tax pact cannot be entertained: Swiss govt

Last Updated: Thursday, May 08, 2014, 13:58

With India stepping up pressure for data on alleged illicit funds parked in Swiss banks, Switzerland has asserted that it cannot positively respond to requests which are beyond the ambit of bilateral tax treaty.