After Swiss others come forward to help India in Black Money recovery

Oneindia 2017-05-03

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Several countries, including tax havens like British Virgin Islands, Cyprus and Jersey, have begun sharing information with Indian authorities, in a development that is expected to boost the government's efforts in tracking black money stashed abroad. The development comes at a time when Swiss authorities have released the names of seven Indians with bank accounts. Coming on the eve of the proposed compliance scheme for those with undisclosed wealth abroad, the information is expected to put pressure on individuals to come clean.

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