Are Swiss authorities preparing a list of Indians with suspected black money?

Since a high-level Swiss delegation met with its India counterparts in New Delhi in February 2014, no further official meeting has taken place. There is no new development to be reported.

Switzerland understands and shares India’s wish to fight tax evasion and is committed to complying with the relating international standards. Furthermore, Switzerland is actively taking part in international efforts aimed at better com-bating tax fraud and evasion such as the development of a worldwide standard for automatic exchange of information. Like India, Switzerland has endorsed the declaration on automatic exchange of information published by the OECD on the occasion of its annual Ministerial Council Meeting in Paris on 6/7 May 2014.

Switzerland is committed to resolving any open question with India and trusts that India shares its understanding that any solution can only be found within the established national and international legal frameworks.

Switzerland looks forward to working together with the new government of the Republic of India in its fight against tax evasion.