Swiss bank become more open – share account holder details with France
Swiss bank money hoarders from India beware! India is planning to follow France model to catch tax thiefs and cheats having black money in Swiss Banks.
France recently entered into a new tax treaty with Switzerland. This is a breakthrough in obtaining Swiss bank account data and France has obtained the names of 3,000 Swiss bank account holders, some of them corresponds to tax evasion. These accounts at three banks, represent a total value of around 3 billion euro or $4.3 billion.
Official representatives of about 100 gcountries including India are scheduled to meet Tuesday and Wednesday in Los Cabos, Mexico, to discuss measures aimed at increasing international tax and bank account transparency to catch tax cheats.
Tags: Black Money, Swiss Banks, Tax EvasionRelated posts
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if it is being a positive result we could have the account holders of $1456 Billion which is being deposited in Swiss banks…. Hope All Those Black Money be retrieved….. Lets Pray the god……
September 15th, 2009
Please arrange to bring back the humongus amount of indian money lying idle in swiss bank . Thanks to the generous men who had amassed the fortune for India sacrificing personal comfort to break free India from financial catastrophy.This money should immediately be ploughed back to Indian financial system to make India a rich, prosperous & stronger country for the benefit of all fellow countrymen and arrange to reward the contributors suitably.
December 10th, 2010