Global Automatic Information Exchange
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Indians Have 'Rather Few' Deposits: Swiss Banks
Indians have "few deposits" in Swiss banks compared to other global financial hubs like Singapore and Hong Kong, says a grouping of private bankers in Switzerland after its government formally ratified automatic exchange of financial account information with India on Friday. The move is meant to flush out black money, much of which is stacked in Sw...
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Money Laundering to Become Difficult in Next 1-2 Years: Arun Jaitley
Finance Minister Arun Jaitley today said tax evasion and money laundering will become "extremely difficult" in the next 1-2 years, with real-time global automatic exchange of information system coming into effect.
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Automatic Information Exchange Only Way to Tackle Black Money, Says Arun Jaitley
Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
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Bring Proof, Don't Come to Us on 'Fishing Expedition', Switzerland Tells India Over Black Money
Can share information on account holders if given prima facie proof of tax evasion, but not give entire list of account holders, Switzerland Ambassador tells India.
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India, Others Need to Wait Till 2017 for Automatic Tax
As they continue their efforts to clamp down on the menace of black money, India and other countries will have to wait at least till 2017 before the new global standard for automatic exchange of tax information comes into effect.
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Indians Have 'Rather Few' Deposits: Swiss Banks
Indians have "few deposits" in Swiss banks compared to other global financial hubs like Singapore and Hong Kong, says a grouping of private bankers in Switzerland after its government formally ratified automatic exchange of financial account information with India on Friday. The move is meant to flush out black money, much of which is stacked in Sw...
-
Money Laundering to Become Difficult in Next 1-2 Years: Arun Jaitley
Finance Minister Arun Jaitley today said tax evasion and money laundering will become "extremely difficult" in the next 1-2 years, with real-time global automatic exchange of information system coming into effect.
-
Automatic Information Exchange Only Way to Tackle Black Money, Says Arun Jaitley
Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
-
Bring Proof, Don't Come to Us on 'Fishing Expedition', Switzerland Tells India Over Black Money
Can share information on account holders if given prima facie proof of tax evasion, but not give entire list of account holders, Switzerland Ambassador tells India.
-
India, Others Need to Wait Till 2017 for Automatic Tax
As they continue their efforts to clamp down on the menace of black money, India and other countries will have to wait at least till 2017 before the new global standard for automatic exchange of tax information comes into effect.
