Narendra Modi government finally manages to break the secret : Swiss bank account details is no more secret!

17 Jun 2017 11:24 AM | International
727 Report

India has been a major hit in seeking to get information about the Indian hiding in Swiss banks, which is the safest place in the world to raise black money.Switzerland has approved its own exchange of information immediately after the suspicion that Indians are investing in Swiss banks.

The Swiss Federal Council acknowledges a report on a Global Agreement that is automatically set up for information exchange in tax-related matters.This system will be implemented from 2018. Information will be available in India for the first episode by 2019 and it will be difficult to collect illegal money for black holes.

The Swiss Federal Council will soon announce to India that black money exchange for Indians will start from the beginning.

The draft notification is to be passed on Friday. There is no need for people to vote on this issue. So its implementation may not be delayed.There was a lot of dialogue between India and Switzerland to obtain black money information from Indians in Swiss banks. The deal was also on. The agreement will only be reduced to the intensity of the Indian people.

That is, if anyone has ever made money in the banks of Switzerland then the information will not be transferred to India.

Edited By

Suhas Test

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Suhas Test

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