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Monday, May 23, 2022

Swiss Leaks


India receives first tranche of Swiss account details

October 07, 2019 9:33 pm

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

September 13, 2020 9:55 am

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.

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

August 03, 2018 9:22 am

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

June 19, 2015 6:31 am

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

May 26, 2015 9:45 pm

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

May 15, 2015 9:14 pm

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

Swiss prosecutor searches HSBC offices, opens criminal inquiry against bank

February 18, 2015 11:40 pm

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

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

February 10, 2015 10:11 am

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

$600-mn trail to RIL in maze of 14 accounts

February 10, 2015 7:40 am

When asked RIL said: “Neither RIL nor Mr Mukesh Ambani have or had any illegitimate bank accounts anywhere in the world.”

Govt offers money to whistleblower for info

February 10, 2015 11:31 am

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