Come with proof, not for fishing expedition: Swiss to India

Last Updated: Sunday, December 7, 2014, 13:11

Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.

India must show tax fraud proof for valid probe: Swiss on black money

Last Updated: Thursday, December 4, 2014, 00:02

Switzerland Wednesday said it was willing to cooperate with India over the black money issue if the latter provides prima facie evidence of illegality, but will not proceed in the matter on the basis of stolen data.

Black money: SC asks Centre to ensure IT probe by March, 2015

Last Updated: Wednesday, December 3, 2014, 19:02

The Supreme Court Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.

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 9, 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 3, 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 1, 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.