Black money: Will respond to all legitimate requests, says Swiss Govt
Switzerland today indicated it is ready to cooperate with India on sharing information related to Swiss bank accounts held by Indians within the framework of amended double taxation treaty between the two countries.
By PTI | Updated:
NEW DELHI: Switzerland today indicated it is ready to cooperate with India on sharing information related to Swiss bank accounts held by Indians within the framework of amended double taxation treaty between the two countries.
"I can confirm the Swiss Government will continue in its law abiding attitude to stick to its obligations... through agreements under treaty with India government to respond to all legitimate requests," Swiss Ambassador to India Philippe Welti told reporters here.
He was responding to a query on whether Swiss authorities would provide more information on 700 bank accounts allegedly held by Indians in HSBC Bank, Geneva.
The Indian government is currently looking into these bank account details, which were provided by French authorities.
As per the treaty, both the governments are entitled to release data in cases which has been defined in the treaty, the Ambassador said.
"We will abide as the Indian govt will do by the provisions of the treaty which exactly defines in which cases either of the governments can file a request and either of the governments can respond to it in letter and spirit of the treaty," he said.
Stressing that both the countries have "friendly" relations, Welti said the treaties also reflect the fact that they are interested in maintaining a political dialogue within the given framework.
"I can confirm the Swiss Government will continue in its law abiding attitude to stick to its obligations... through agreements under treaty with India government to respond to all legitimate requests," Swiss Ambassador to India Philippe Welti told reporters here.
He was responding to a query on whether Swiss authorities would provide more information on 700 bank accounts allegedly held by Indians in HSBC Bank, Geneva.
The Indian government is currently looking into these bank account details, which were provided by French authorities.
As per the treaty, both the governments are entitled to release data in cases which has been defined in the treaty, the Ambassador said.
"We will abide as the Indian govt will do by the provisions of the treaty which exactly defines in which cases either of the governments can file a request and either of the governments can respond to it in letter and spirit of the treaty," he said.
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Stressing that both the countries have "friendly" relations, Welti said the treaties also reflect the fact that they are interested in maintaining a political dialogue within the given framework.
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