June 23rd, 2009
The Swiss government has agreed to loosen its banking secrecy laws and share data on tax evasion cases that India may be pursuing, as part of a renegotiation of the Double Taxation Avoidance Agreement (DTAA) that the two countries signed in 1995.
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June 5th, 2009
Jeffrey Owens is the director of tax planning and administration at the OECD’s Centre for Tax Policy, which is responsible for framing tax principles and ensuring that tax havens fall in line on disclosure norms and share information. He spoke to Sidhartha on recent developments and the strategy India should adopt on double taxation avoidance treaties.
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June 3rd, 2009
Dev Kar, lead economist at
Global Financial Integrity, appeared in the Economic Times of India today. From the
article:
The slowdown in economy is unlikely to affect remittances to India, a top banking official said.
"The global economic slowdown has limited impact on remittances to India, which is estimated at three per cent of India's GDP," Washington-based Global Financial Integrity (GFI), Lead Economist, Dev Kumar Kar said here.
Speaking on 'Impact of Financial Crisis on Global Business,' Kar said, "India has a highly resilient economy and the global slowdown will have limited impact...
April 16th, 2009
"The complaint of money being transferred to foreign banks in Switzerland has been subject to investigations by top-notch agencies including the Directorate Revenue Intelligence (DRI)," said Congress candidate Pawan Kumar Bansal, while reacting to the allegations made by Bharatiya Janata Party that an amount of 'Rs 70,000 lakh crore' has been stacked away in Swiss banks.
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