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Swiss Govt cooperating closely with India

By The Assam Tribune
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BERNE/NEW DELHI, Feb 8 � Under pressure to act on the blackmoney front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain �tense� over its refusal to share bank account details on the basis of stolen data, reports PTI.

Despite a difficult environment and differences over sharing of information, the �door for dialogue nevertheless remains open� with India, the Swiss government said.

Reflecting the high priority accorded to India, Switzerland in its latest annual report on �International financial and tax matters� has also described the country as one of the four �important partners� with whom it intensely pursued cooperation in tax matters during 2014.

The other nations mentioned alongside India on this issue are France, Italy and the United States.

Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, amid worldwide efforts to crack down on illicit fund flows.

Armed with information received about its citizens holding secret accounts in Swiss banks, India has been seeking details from Switzerland, but most of these requests were being stonewalled by the European nation on the ground of those being based on stolen data.

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Swiss Govt cooperating closely with India

BERNE/NEW DELHI, Feb 8 � Under pressure to act on the blackmoney front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain �tense� over its refusal to share bank account details on the basis of stolen data, reports PTI.

Despite a difficult environment and differences over sharing of information, the �door for dialogue nevertheless remains open� with India, the Swiss government said.

Reflecting the high priority accorded to India, Switzerland in its latest annual report on �International financial and tax matters� has also described the country as one of the four �important partners� with whom it intensely pursued cooperation in tax matters during 2014.

The other nations mentioned alongside India on this issue are France, Italy and the United States.

Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, amid worldwide efforts to crack down on illicit fund flows.

Armed with information received about its citizens holding secret accounts in Swiss banks, India has been seeking details from Switzerland, but most of these requests were being stonewalled by the European nation on the ground of those being based on stolen data.