India negotiating with Swiss authorities on secrecy clauses

July 19th, 2009

Press Trust of India

New Delhi (PTI) India is negotiating with Switzerland and other countries to revise the secrecy clause in bilateral treaties like double taxation avoidance agreements to get information on matters like black money.

Official sources said unless secrecy clauses change, the government cannot do much about black money stashed in banks of Switzerland and other countries.

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