India posseses independent evidence of Indians
having black money in Swiss accounts and Switzerland has promised expeditious
sharing of information in this regard, said Finance Minister, Arun Jaitley at
the World Economic Forum (WEF) meet in Davos.
Jaitley said he and his Swiss counterpart Eveline
Widmer-Schlumpf discussed about the parameters based on which Switzerland can
provide details on unaccounted money parked in Swiss bank accounts once
independent evidence is furnished.
In October last year, both countries had inked a
joint statement of understanding with regard to cooperation on tax matters.
However, Switzerland has a clear position that information based on stolen data
would not be shared with another country but such requests would be looked into
in case of independent evidence on the same being made available.
Switzerland has promised it will take expeditious
action on the cases.
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