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India among top 3 nations getting Swiss info on bank accounts: Group

India rated as 'largely compliant' on transparency and exchange of information for tax purposes.

Bank vault, Swiss account, black money, tax evasion, savings, gold bond, gold investment, gold loans

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The Global Forum uses peer reviews to assess the application of the international standard on the exchange of information upon request (administrative assistance) in individual states

Press Trust of India Washington

5 min read Last Updated : Jun 28 2020 | 12:58 PM IST

India figures among the top-three countries getting detailed information from Switzerland about bank accounts and beneficiary ownership of entities established by their residents in the Alpine nation, according to the latest study by OECD's Global Forum on transparency and exchange of information for tax purposes.

In its latest peer review report on exchange of information on request, the Global Forum, which is tasked to assess the standard of exchange of information on request by various jurisdictions worldwide and their compliance, said Switzerland is rated 'largely compliant'.

India is also rated as 'largely compliant' by this OECD (Organisation for Economic Cooperation and Development)

Topics : Indian accounts in Swiss Banks OECD countries Tax Income Tax fraud

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