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Swiss accounts

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17 indians admit to having secret swiss accounts

20 Replies

U
Oh my god its unbelievable. these many people having swiss account that means many people are taking Government money and changing it into black money and deposting in swiss account. This is really bad on politicians
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U
yes your idea is good but I don't think practically that is possible.Tax evasion is a crime should be remembered by all.
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U
Sarala they are not taking government money they are taking our money and saving as black money.
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U
Yes indian are earing black money they does not want to give black money detail to government so they make swiss account.
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U
government is mum regarding this matter...and it is not hard to say that swiss banks survive because of the indian black money...
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U
This topic never ceases to enthuse us but a pragmatic solution lies in Indian government approaching Swiss authorities and enter into agreement to deduct withholding taxes on the interst on these account and repatriate the same to us as UK did!
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U
UK did it....but the case was different...swiss banks were caught by the UK authorities with proof about illegal transactions..for not disclosing those documents, swiss banks had to accept the terms which UK wanted..it will never happen again..
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U
I don't know the source of your information . Would you elaborate? As far as my knowledge goes such agreements are there with other countries.
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U
swiss banks have agree ments with many countries. But handing over the black money is not among them.the banks helps the countries to identify tax evasions. But no country can force swiss banks to reveal it.
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U
To Swiss banks it's just money - no such label is there. According to the latest developments they are very much agreeable to reveal them!
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U
swiss bankks care about money. I agree and thats the point here....the most number of depositors in swiss banks do not agree to having their acccounts verified by the government.
There are many banks that offer higher interest rayes than swiss..question is why them..?answer is safe and secure.
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U
@Deepak

The point that I have been trying to make is that the kind of secrecy that used to be there in maintaining these accounts on the part of Swiss banks is no longer as rigid and various government have been taking advatange of this relaxation but our government is not at all serious about it. The reasons are not too far to seek!
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U
i agree with you that our government needs to take ths issue more seriously. The money needs to be brought back soon
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U
This can be done by changing the currency so the black money will come back so fastly.
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U
For every ten years changing in money system makes eradication of black money in our country.
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U
For every ten years changing in money system makes eradication of black money in our country.


i don't think that is possible. i remember you raising this idea in another discussion dome time back..but the idea of changing currency every ten years seems like Alice in wonderland.
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U
Change of currency would not materially alter the value!
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U
afte the swiss accounts have come under the scanner of the government many induviduals have switched from the swiss to the seychelles and london banks.
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U
What we need is a government that is most sincere in fighting this menace!
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S

sasi1021

@sasi1021

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Created Thursday, 10 November 2011 12:44
Last Updated Tuesday, 30 November -0001 00:00
Replies 0
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