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Way Cleared For Information on Swiss Bank Accounts

Way Cleared For Information on Swiss Bank Accounts

posted on Jun 18, 2011 @ 3:43PM

Now India can get information on secret Swiss Bank accounts easily. The Swiss Parliament today gave approval to amendments to tax treaties with countries, including India, making it easier for to access information about the illegal funds held by their nationals in Swiss private banks. The upper house of the Swiss Parliament endorsed amendments to double-taxation agreements in line with internationally applicable standards.

The beneficiaries from the new amendments include India, Germany, Canada, Japan, the Netherlands, Greece, Turkey, Uruguay, Kazakhstan, and Poland. The Swiss Parliament approval comes at a time when the Indian government is facing intense pressure from the opposition, the Supreme Court and civil society to bring back black money stashed away in tax havens.

As per the revised taxation treaty with Switzerland, India can get information on secret bank accounts from Swiss authorities for cases dating from January 2011. Finance Minister Pranab Mukherjee and Swiss Federal Councilor Micheline Calmy-Rey signed a "protocol" to amend the double taxation agreement (DTA) in the area of Taxes on income on August 30, 2010. Meanwhile in Bangalore, Ambassador of Switzerland to India, Philippe Welti said that India could get banking details of its citizens in tax frauds and evasion cases once the Swiss Parliament ratifies the revised Double Taxation Avoidance Agreement between the two nations.

 

 

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Key Suspect In Kanpur Rail Accident Arrested

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అమ్మపై జగన్ అభిప్రాయం..

సామాన్యుడైనా..ప్రముఖుడైనా ఎవరికైనా అమ్మ అమ్మే. మదర్స్ డే సందర్భంగా ప్రపంచ వ్యాప్తంగా అన్ని ప్రాంతాల్లో ప్రతి ఒక్కరూ అమ్మకు పాదాభివందనం చేస్తున్నారు. ఈ నేపథ్యంలో వైఎస్సార్ కాంగ్రెస్ పార్టీ అధినేత, ఏపీ ప్రతిపక్షనేత వైఎస్ జగన్ మాతృదినోత్సవం సందర్భంగా అమ్మలందరికి శుభాకాంక్షలు తెలిపారు. "దేవుడు అన్ని చోట్లా ఉండలేడు కాబట్టే, ఆయన అమ్మను సృష్టించాడు'' అంటూ ట్వీట్ చేశారు. 

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Hurricane Sandy Photos: Millions of people are without power in the U.S. northeast as the powerful post tropical storm Sandy pummels the region with hurricane force winds, rain, and a dangerous storm surge that has caused flooding in many coastal areas including parts of New York City.