Info on Black Money - Door for Dialogue with Switzerland open
SWITZERLAND'S Federal Department of Finance last week published the Report on international financial and tax matters 2015. An extract from the report:
India's finance minister, Arun Jaitley, took up office on 26 May 2014. He has joined the government at a time when India is stepping upits fight against tax evasion and fraud, with the creation of a Special Investigation Team (SIT) entrusted with shedding light on the assets held abroad by Indian residents.
Relations with Switzerland remain tense due to the refusal to exchange information when a request is based on data obtained illegally. Despite the difficult environment, the door for dialogue nevertheless remains open. A meeting was thus held in Bern on 15 October 2014 on Switzerland's initiative. The meeting took place in a positive atmosphere and ended with a joint statement identifying the basis for solutions concerning the bilateral issues under discussion.