On Monday, the Federal Tax Administration of Switzerland shared details of nearly 34 lakh financial accounts with 101 countries. This year, the annual sharing of information involved a total of 101 countries, and it was on a reciprocal basis.
1. India was ranked 74th in the previous year. 2. The top-10 countries also include Germany, Luxembourg, Bahamas, Singapore and Cayman Islands.
The automatic exchange of information with India is being implemented based on the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA).
The Indians whose names have been mentioned in full also included Krishna Bhagwan Ramchand, Kalpesh Harshad Kinariwala, Ratan Singh Chowdhury, Kuldip Singh Dhingra and Anil Bhardwaj.
In a scathing attack on Centre’s drive against black money, Congress Vice President Rahul Gandhi on Wednesday asked how many…
