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Swiss government News

09 Sep 2019

Swiss Bank data: First tranche can unearth hidden wealth

The data that was prepared by all Switzerland-based banks under a direction from the Swiss government for despatching further to the Indian authorities

19 Sep 2017

Miffed with anti-Pak protests in Geneva, Islamabad accuses Switzerland of supporting terrorism

In a Bizarre Development here at the 72nd Session of the United Nations Human Rights Council (UNHRC), the Pakistan Government has accused the Swiss Government of supporting terrorism.

17 Mar 2017

Swiss won't help Turks prosecute Tayyip Erdogan critic

Switzerland has rejected a Turkish request for legal assistance in prosecuting a suspect accused of insulting President Tayyip Erdogan, ruling that the comments in question were protected by Swiss free speech provisions.

06 Jun 2016

Black money: Switzerland promises deeper cooperation, to send top official to India

Prime Minister Narendra Modi, in his talks with Swiss President Johann Schneider-Amman, raised the issue of black money and tax evasion by Indians to which the latter offered to extend the level of cooperation.

06 Jun 2016

Switzerland supports India's NSG membership bid; PM Modi, Swiss President issue joint statement in Geneva

Prime Minister Narendra Modi issued a joint press statement with Switzerland President Johann Schneider-Ammann.

05 Jun 2016

Money for nothing? Swiss vote on basic income for all

In a global first, the Swiss will vote Sunday on a radical proposal to provide the entire population with enough money to live on, no strings attached.

28 Feb 2016

India top source for illicit medicines reaching Swiss shores

Amid much hoopla over alleged black money stashed by Indians in Swiss banks, Switzerland has disclosed that India is the top source for illegally imported medicines confiscated by their customs department.

03 Feb 2016

Stolen data issue impacts tax cooperation with India: Swiss government

Switzerland's tax cooperation with India is being negatively impacted over the "contentious" issue of sharing information based on illegally obtained data, according to the Swiss government.

31 Jan 2016

Black money: Significant progress in tax cooperation with India, says Swiss govt

India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation.

Bank accounts in a Switzerland bank

14 Dec 2015

Safe-deposit boxes prone to money-laundering risks: Swiss govt

Safe-deposit boxes used in Switzerland are prone to risk of money laundering and terror financing activities, but existing regulations are sufficient to deal with such risks, says a Swiss government report.

26 Aug 2015

Black money: Swiss govt rejects privacy in financial matters

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

European Free Trade Association

01 May 2015

Talks on India-EFTA free trade pact stuck over IPR issues

The negotiations between the European Free Trade Association and India over a free trade pact are stuck due to intellectual property rights issues but the Swiss government is hopeful that talks could soon resume.

31 Mar 2015

Black money: HSBC tax evasion suspects in India told to get a lawyer

Customers of HSBC in India, suspected of tax evasion, have been given a 30-day timeframe to get a lawyer in Switzerland to manage or challenge the disclosure of their names in the official gazette.

Swiss government

15 Feb 2015

Automatic info exchange with India latest by 2018: Swiss Govt

In its fight against black money menace, India will have to wait till 2018 for Switzerland to provide bank account details of Indians under the 'automatic information exchange' framework.

Swiss government

11 Feb 2015

Switzerland slides into deficit on surprise revenue fall

The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise 9 percent drop in key sources of tax revenue.

08 Feb 2015

Black money: Swiss govt says cooperating intensely with India

Under pressure to act on black money 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.

17 Oct 2014

Swiss agrees to provide details of black money: FM

Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.

15 Oct 2014

'Switzerland fully co-operating with India on tax matter'

As India's government and tax officials meet their counterparts in Switzerland, Swiss Ambassador Linus von Castelmur on Wednesday said his country is fully co-operating with the authorities here on tax matters.

13 Aug 2014

Switzerland proposes severe punishment for bank secrecy breach

In a fresh setback to India's efforts to get details of the so-called HSBC list from Switzerland, the Swiss government on Wednesday pitched for better protection of bank client data and severe penalties for those violating the banking secrecy.

Swiss government

18 Jul 2014

Black Money: India making all efforts to get Swiss banks a/c holders' list

Government on Friday said it was making all efforts to procure the list of illegal bank account holders in Switzerland and was collecting evidence in this regard.

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