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Indian Swiss bank account holders may shift to other tax havens

Switzerland has to share bank details from 2018 which gives most account holders enough time to plan their move to another tax haven

Sai Manish  |  New Delhi 

The operationalisation of the Automatic Exchange of Information (AEI) between India and Switzerland may potentially be a boon for all Indian account holders in various Swiss banks. The implementation of this agreement is fraught with loopholes that allow Indian account holders to move to other tax havens across the world before the Indian government even begins to get their information. The agreement between India and Switzerland will only involve sharing of information about bank account holders from 2018 onwards. This leaves Indian Swiss bank account holders with almost a year ...

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