Switzerland to share tax information with India- official

Dismissing the perception that Switzerland is a tax haven, a senior Swiss government official today expressed hope that the revised tax avoidance treaty with India will be ratified during the year, following which Swiss authorities would provide administrative assistance to India to deal with cases of tax evasion.

“We have recently signed an agreement with India, which is now in the Parliament in order to get rectified.

And then, we will concretely take steps against tax evasion and as soon as this agreement is enforced… both sides can also grant administrative assistance (to deal with ) tax evasion,” Switzerland Federal Department of Finance State Secretary Miachael Ambuhl said in an interview to private news channel NDTV.