Thursday, Dec 09, 2021
Outlook.com
opinion

To Prise The Vault Open

It's a good time for it, if India is serious about taking on the Swiss banks

To Prise The Vault Open
Illustration by Sorit
To Prise The Vault Open
outlookindia.com
-0001-11-30T00:00:00+05:53

Is this just an election promise to be dumped once the polls are over? Perhaps. But should the next government be serious about this issue, the timing may be just right.

In mid-March, Switzerland gave in to pressure from the OECD countries on revising double-taxation agreements. Then, at the recent G-20 summit, the Swiss renewed their commitment to no longer make a distinction between tax fraud and tax evasion, and provide judicial assistance in case of the latter.

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