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Indian efforts on to get back money illegally parked in Switzerland: Mukherjee | A team would soon be visiting Switzerland to hold talks
with the Swiss authorities in an effort to unearth unaccounted for money stashed away by Indian nationals, Finance Minister Pranab Mukherjee has said. The government
has finalised dates to renegotiate existing treaties with Switzerland and Belgium
to broaden the scope for brining back money parked illegally by Indians in foreign
banks. "So far, the efforts to unearth the unaccounted money stashed elsewhere,
we have taken initiatives. In respect of Switzerland, I think the team is going
on 10th and 11th of this month. We are engaged in discussion with the Swiss authorities.
We want to amend the Avoidance of Double Taxation agreement. Of course in a large
number of countries...the appropriate clause will be inserted through which you
can get the necessary information to locate the tax evaders and to have the facilities
of recovering the tax because...up to now we did not accept the OECG clause of
exchanging information. But now we have become a party to it and Swiss authorities
have agreed to negotiate. The negotiations will begin from this month itself,"
Mukherjee told media persons on the sidelines of Editors' Conference 2009 in the
national capital. |
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