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Centre Refuses To Share Swiss Bank Account Details Of Indians: Report

Tuesday, December 24, 2019, 7:54 AM

The Finance-Ministry has declined to share Swiss-bank-account-details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland. In reply to an RTI query, the ministry also refused to disclose the details of black-money received from other foreign countries. Importantly, illicit outflows from the country are estimated on an average to 10% of the estimated unaccounted income.

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