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Switzerland taking refuge under `stolen data` excuse: FM

Last Updated: Monday, March 31, 2014, 21:31

Accusing Switzerland of not following G-20 resolution on sharing banking details, Finance Minister P Chidambaram on Monday said if they can give information to the US based on stolen data, then why not to India.

Switzerland taking refuge under 'stolen data' excuse: FM

Last Updated: Monday, March 31, 2014, 21:17

Chidambaram said that India would raise this issue at every forum, including the meetings of G-20 leaders that is going to happen on the sidelines of World Bank IMF annual meet next month in Washington.

Will soon respond to Chidambaram's letter, says Swiss govt

Last Updated: Thursday, March 27, 2014, 23:29

Switzerland Thursday said it would soon respond to Finance Minister P Chidambaram's letter that has raised concerns about not providing information on alleged unaccounted money stashed by Indians in Swiss banks.

Switzerland says ready to freeze any Yanukovych funds

Last Updated: Friday, February 28, 2014, 00:15

Switzerland said Thursday it was prepared to freeze any funds Ukraine`s ousted president Viktor Yanukovych might have in Swiss banks.

Swiss banks say new automatic info exchange framework costly

Last Updated: Thursday, February 13, 2014, 18:17

As India and 41 countries on Thursday adopted a new global standard for automatic exchange of information on offshore tax evasion, Swiss banks said this framework is very complex and involves high costs.

Swiss banks devise new 'cash' strategies for clients

Last Updated: Tuesday, January 21, 2014, 13:53

As Swiss banks lose their secrecy tag, some bankers here are coming up with innovative ideas to lure rich clients from India and other countries by providing services like 'cash courier' as well as by offering large metal vaults to store currency notes, gold, artworks and other valuables.

Switzerland ready to discuss tax info-exchange with India

Last Updated: Tuesday, January 14, 2014, 17:50

There have been concerns in India about limited flow of tax information from Switzerland about Indian citizens who have allegedly stashed away unaccounted money in Swiss banks.

Swiss banks look to job cuts to absorb US tax pressure: Poll

Last Updated: Thursday, January 09, 2014, 21:19

Swiss banks look set for new job cuts this year, despite ever-rosier figures, amid rising regulatory pressure and a US clampdown on tax-dodgers, consultants EY said today.

US judge grants ex-UBS banker $9 mn bail

Last Updated: Tuesday, December 17, 2013, 05:22

A US judge Monday freed a former UBS executive on USD 9 million bail while he awaits trial on charges that he helped Americans avoid millions in US taxes, his attorney said.

Illicit assets: Swiss govt tell banks to boost due diligence

Last Updated: Tuesday, December 03, 2013, 18:36

Switzerland has directed banks to strengthen due diligence on overseas clients to prevent illicit fund flows as well as comply with international tax regulations.

Untaxed money: Swiss banks to boost vigil on overseas clients

Last Updated: Sunday, December 01, 2013, 13:14

Stepping up their efforts to curb flow of unaccounted money, Swiss banks will strengthen their due diligence of overseas clients and advise them to comply with international tax regulations.

Automatic tax info exchange to hurt fund flows: Swiss banks

Last Updated: Sunday, November 24, 2013, 13:39

All Swiss banks put together managed assets totalling 5.57 trillion Swiss francs (over Rs 383 lakh crore) at the end of 2012, out of which 51 percent came from abroad, after an increase of over six percent during the year.