Swiss Leaks

Swiss Leaks News

India receives first tranche of Swiss account details

This is the first time that India has received details from Switzerland under the AEOI framework, which provides for exchange of information on financial accounts that currently active as well as those accounts that were closed during 2018.

New offshore records reveal several Indian firms tapped Mauritius route to save on taxes

The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India.

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Switzerland's highest court allows India to access bank data in tax dodge

The case involved information leaked by whistleblower Herve Falciani, a French citizen who worked for HSBC’s Swiss private bank and in 2008 disclosed details on thousands of clients he suspected were using accounts to evade tax.

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

The money held in Swiss banks by their foreign clients from across the world rose during 2014 to $1.6 trillion.

Black money: Yash Birla has 'no individual account' in his name, says group

Yashovardhan Birla, who is commonly known as Yash Birla, is Chairman of the group whose group firms are into steel products, electrical appliances, health, lifestyle and education, among others.

India presses Switzerland for info on Indian accounts

India also asked Switzerland to sign a bilateral information sharing agreement after joining global pact against black money menace.

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Swiss prosecutor searches HSBC offices, opens criminal inquiry against bank

The prosecutor said its investigation was into HSBC Private Bank (Suisse) and could extend to individuals.

Why diamonds are the HSBC list’s best friend

77 of the 1,195 Indians in HSBC’s Swiss list are connected to the diamond industry.

Govt offers money to whistleblower for info

The source said Finance ministry’s Department of Revenue offered Falciani the “standard 10% of tax collected due to the revelations or evidence”.

Swiss leaks show deposit by daughter of China's ex-premier

Daughter of ex China premier and chairman of a state-owned power utility holds approx 2.5 million dollars in Swiss bank.

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