INDIA, SWITZERLAND TO BOOST TIES IN CURBING BLACK MONEY

NEW DELHI: India, which has started getting crucial information about black money stashed in Swiss bank by unscrupulous elements, may further intensify its effort in such cases of tax evasion and it is engaged with Switzerland to enhance the scope of existing tax treaties. India’s revenue secretary Ajay Bhushan Pandey and Switzerland’s state secretary for international finance, Daniela Stoffel on Wednesday stressed on the need to further enhance cooperation under the India-Switzerland tax treaties to fight the menace of black money, a finance ministry statement said. Pandey and Stoffel met in New Delhi on Wednesday. Switzerland and India had signed a joint declaration on the introduction of Automatic Exchange of Information (AEOI) on tax matters in November, 2016.