Offshore financial centre Current Affairs, GK & News
Recently, the International Consortium of Investigative Journalists (ICIJ) has released a global investigation ‘The Paradise Papers’ that reveals the offshore interests and activities of some of the world’s most powerful people and companies, including information about at least 31,000 persons or parties. India ranked 19th out of the 180 countries represented in the data in ..
Topics: Data journalism • Economy • International Consortium of Investigative Journalists • Investigative journalism • News leaks • Offshore finance • Offshore financial centre • Paradise Papers • Tax • Tax avoidance • Tax Evasion • Tax haven
As a step towards fighting black money stashed abroad, ‘Joint Declaration‘ for implementation of Automatic Exchange of Information (AEOI) has been signed between India and Switzerland. This will lead to automatic sharing of information regarding the Swiss bank accounts held by Indians as of September 2018 and onwards. However, details about the accounts held prior ..
Topics: AEOI • Bank secrecy • Banking in Switzerland • Common Reporting Standard • Economy • International taxation • Offshore financial centre • Privacy • Tax • Tax avoidance • Tax evasion • World economy