Black money: Swiss govt rejects privacy in financial matters

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

Talks on India-EFTA free trade pact stuck over IPR issues

The negotiations between the European Free Trade Association and India over a free trade pact are stuck due to intellectual property rights issues but the Swiss government is hopeful that talks could soon resume.

Black money: HSBC tax evasion suspects in India told to get a lawyer

Customers of HSBC in India, suspected of tax evasion, have been given a 30-day timeframe to get a lawyer in Switzerland to manage or challenge the disclosure of their names in the official gazette.

Automatic info exchange with India latest by 2018: Swiss Govt
Automatic info exchange with India latest by 2018: Swiss Govt

In its fight against black money menace, India will have to wait till 2018 for Switzerland to provide bank account details of Indians under the 'automatic information exchange' framework.

Switzerland slides into deficit on surprise revenue fall

The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise 9 percent drop in key sources of tax revenue.

Black money: Swiss govt says cooperating intensely with India

Under pressure to act on black money front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain "tense" over its refusal to share bank account details on the basis of stolen data.

Swiss agrees to provide details of black money: FM

Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.

'Switzerland fully co-operating with India on tax matter'

As India's government and tax officials meet their counterparts in Switzerland, Swiss Ambassador Linus von Castelmur on Wednesday said his country is fully co-operating with the authorities here on tax matters.

Switzerland proposes severe punishment for bank secrecy breach

In a fresh setback to India's efforts to get details of the so-called HSBC list from Switzerland, the Swiss government on Wednesday pitched for better protection of bank client data and severe penalties for those violating the banking secrecy.

Black Money: India making all efforts to get Swiss banks a/c holders' list

Government on Friday said it was making all efforts to procure the list of illegal bank account holders in Switzerland and was collecting evidence in this regard.

Swiss Govt to relax rules for assistance in tax evasion cases

The Federal Council of Switzerland said that it has "resolved to bring the revised Tax Administrative Assistance Act into force on August 1. 2014".

Swiss govt prepares list of Indians with suspected black money

In a major boost to India's fight against black money, Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in Swiss banks and the details are being shared with Indian government.

India, Switzerland looking at ways to share info on blackmoney

The Minister further said that he received a reply on his letter from his Swiss counterpart and will send India's response in the next few days.

Switzerland taking refuge under 'stolen data' excuse: FM

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

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.

Now, Switzerland moves to curb excessive executive pay packets

Amid rising concerns over exorbitant remuneration, Swiss people have favoured a plan to curb excessive pay packets doled out by companies to its top ex

Swiss govt not to entertain requests based on stolen a/c data

This comes in the backdrop of requests from countries, including India, which are in possession of account details of Swiss bank customers that were allegedly stolen or gathered through illegal means and passed on to governments.

HSBC fictitious accounts: I-T approaches Swiss authorities

The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names.

Polanski decision shows Swiss privileges for rich

Switzerland`s decision to reject a US
extradition request for director Roman Polanski may have shown
that legal principles are paramount here but also left the
impression that the rich and famous enjoy special privileges.