FreeCurrencyRates.com

इंडियन आवाज़     24 Sep 2017 05:32:48      انڈین آواز
Ad

Black money: Switzerland ratifies AEOI with India

black money
Switzerland has ratified automatic exchange of information (AEOI) sharing with India and 40 other countries to facilitate immediate sharing of details about suspected black money. It, however, sought strict adherence to confidentiality and data security laws.

The Swiss Federal Council, the country’s top governing body, in a statement said that the protocol will be implemented next year and the first set of information is planned in 2019.

As per the draft notification approved by the council in its meeting yesterday, the decision is not subject to any referendum — which means there should be no further procedural delay in its implementation.

Black money has been a matter of big debate in India and Switzerland is perceived as one of the safest havens for the illicit wealth allegedly stashed abroad by Indians.

The decision follows hectic parleys between India and Switzerland for introduction of the AEOI on tax matters under the guidance of G20, OECD and other global organisations.

Last November India and Switzerland signed an agreement for the implementation of AEOI. The joint declaration was signed between the two countries amid the Indian government stepping up efforts to clamp down on the menace of black money.

Leave a Reply

You have to agree to the comment policy.

Ad

NEWS IN HINDI

Hindi: Text of PMs Mann Ki Baat on 24 September 2017

मेरे प्यारे देशवासियों, आप सबको नमस्कार । ...

BHU छात्रों पर लाठीचार्ज, छावनी में तब्दील हुआ कैंपस

AMN / VARANASI बीएचयू में छेड़खानी का विरोध करते ...

Ad
Ad
Ad

SPORTS

Saksham Pedal Delhi a mass cycling event to be held on 5 November

New Delhi Over 5000 cyclists from all over the country will take part in the "Saksham Pedal Delhi" a premie ...

India to clash with Australia in 3rd ODI at Indore

  In Cricket, India would look to pile on the misery for a struggling Australia and seal the five-matc ...

Ad

Archive

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart

Help us, spread the word about INDIAN AWAAZ

RSS
Follow by Email20
Facebook210
Facebook
Google+100
http://theindianawaaz.com/black-money-switzerland-ratifies-aeoi-with-india/">
LINKEDIN