Articles about Swiss Bank

Indian money parked in Swiss banks decreased in 2018 and the country's ranking slipped to 74 on the list while the UK retained its top position, showed data released by Swiss National Bank (SNB).

There seems to be no end to troubles of beleaguered diamantaire Nirav Modi, who is the prime accused in the Rs. 13,700 crore PNB fraud.

India moved up to 73rd place in terms of money parked by its citizens/companies with Swiss banks in 2017, while the UK remains on the top.

Showing an extreme reverse trend, money held by Indians in Swiss banks increased a whopping 50.2% to Rs. 7,000cr in 2017, putting into doubt impact of the government's fight against black money.

Congress President Rahul Gandhi today said if his party comes to power, it would impose one slab of Goods and Services Tax instead of five and abolish the 28% GST slab.

India and Switzerland have signed a deal that would allow both to automatically share tax-related data from 2019.

Several stars of Bollywood including Ranbir Kapoor, Ajay Devgan, Arjun Rampal, Riteish Deshmukh and even Salman Khan are under the scanner of the Comptroller and Auditor General (CAG) for alleged tax anomalies.

India's rank has been slipping consistently in terms of money held by nationals with Swiss banks. From being the 66th in 2014 and 75th in 2015, it is now at 88th.

Deposits in Swiss banks from India are "rather few" compared to other global financial hubs like Hong Kong and Singapore, according to Geneva-based Association of Swiss Private Banks.

The fight against black money has received a boost after Switzerland ratified the Automatic Exchange of Information (AEOI) with India and 40 other jurisdictions.

The owner of a famous jewellery showroom in Dehradun was sentenced to a two-years stringent punishment for hiding his Swiss bank account from the Income-Tax (IT) Department.

Dutch investigators launched coordinated raids in many countries against suspected money-launderers and tax evaders, who made deposits into an unidentified Swiss Bank.

Real Madrid's superstar Cristiano Ronaldo and Manchester United manager Jose Mourinho have been accused of tax evasion.