Swiss banks moving 'full speed' on automatic tax info exchange

Last Updated: Thursday, September 3, 2015, 18:50

Swiss banks are working at "full speed" to implement the automatic tax information exchange regime that will help India's efforts to crackdown on illegal wealth stashed by its citizens in Switzerland.

Fight against black money: Swiss to help on stolen data too

Last Updated: Wednesday, September 2, 2015, 20:22

In a move that may help India's fight against black money, Switzerland on Wednesday proposed amending its laws to share information with foreign countries probing tax crimes on the basis of 'stolen data', provided details have come from administrative channels or public sources.

Govt must build trust for compliance window success: Kidwai

Last Updated: Tuesday, September 1, 2015, 16:25

The government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "pity" that the people do not believe its credibility, HSBC's India head Naina Lal Kidwai has said.

Black money: Swiss banks ask Indians to utilise 'compliance window'

Last Updated: Sunday, August 30, 2015, 18:04

Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.

Black money: Swiss govt rejects privacy in financial matters

Last Updated: Wednesday, August 26, 2015, 21:20

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.

Fall in Swiss bank funds may be due to black money drive: Govt

Last Updated: Tuesday, July 21, 2015, 22:21

The fall in deposits by Indians in Swiss banks may be a result of the steps being taken by the government to unearth black money stashed abroad, the Finance Ministry said Tuesday.

Athens eyeing deal to tax assets hidden in Swiss banks: Report

Last Updated: Sunday, July 5, 2015, 17:25

Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported Sunday.

Black money menace: Swiss banks tighten customer due diligence

Last Updated: Tuesday, June 30, 2015, 21:13

Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.

Black money: India slips to 61st place on Swiss money list

Last Updated: Sunday, June 21, 2015, 14:58

While the UK and the US have retained their top two positions with the largest shares of the foreign clients' money with Swiss banks, Pakistan has inched up to 73rd place.

Indian money in Swiss banks falls by over 10% to Rs 12,615 crore

Last Updated: Thursday, June 18, 2015, 16:48

This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.

Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.