Sunday, April 11, 2021

TOPIC

Swiss Banks

India receives the first list of details of its Swiss Bank account holders under Automatic Exchange Information Agreement

According to Automatic Exchange of Information agreement signed by India and Switzerland, India received the first set of list of Indians having Swiss Bank accounts

Obligated by the agreement with Modi, Swiss authorities to share details of 50 Indians nationals holding accounts in Swiss banks

Since Modi came to power, money parked by Indians in Swiss banks started reducing drastically

As part of AEOI agreement with India under Modi, Switzerland-based banks notifies 11 Indians to share bank account details

In about a decade the funds held by Indians with Swiss banks went down to almost one-tenth

Switzerland’s top court allows sharing of data with Indian authorities in tax evasion cases

The court as a result rejected an appeal by two Indian citizens

Indian money parked in Swiss banks hits all time low

The current amount in Swiss banks is even less than one-third of the amount reported in 2014.

Latest News

Recently Popular

Connect with us

254,077FansLike
528,525FollowersFollow
24,200SubscribersSubscribe