Swiss Black money account holders details to come by August 1st?

The “Revised Tax Administrative Assistance Act” of the Swiss government has been put up on it’s website, calling for objections. But no authorities of “cantons” – villages/ towns, has indicated that they will oppose or propose changes to the new law. If the law is passed as it is framed, the government can override the secrecy laws of banks and reveal all information of amounts held in banks and the names of account holders to all governments which request the information. Thus, India might get the details of Indians holding black money accounts there by August 1st.

Medaram Jathara

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