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Swiss accounts

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17 indians admit to having secret swiss accounts

20 Replies

U
As a matter of fact, all bank accounts, in India or abroad are confidential and banks must not disclose details to third parties. What is relevant is that there should be no tax evasion. Tax evaders should not be spared and heavily penalized.
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U
To avoid black money we need to change currency every ten years.So there wont be no need of swiss accounts.
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U
Very good that at last some people are admitting that they have swiss accounts where they have stored their money. In a few days more people will be admitting it, I hope.
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U
To avoid black money we need to change currency every ten years.So there wont be no need of swiss accounts.


that is impossible...i dont think that can be done.
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U
As many of our leaders have swiss bank accounts. It is not serious matter that others also have an account there.
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U
Indian Government should publish the list of accountholder's name .
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U
until there is serious action taken against them nothing can be helpful.
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U
The Swiss Govt. should, with the permission of the account holder, published the amounts in their respective banks to the public.
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U
The other country governments should have the support from our country government so that it will become less accounts there.
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U
many lists are there now..but i am not sure if they are real...see this...
i don't know whether to believe it or not..?
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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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Topic Author

S

Sasikanth

@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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