Switzerland and India

Switzerland's and Indian government expressed their decision to take actions against tax fraud and tax avoidances.

Swiss President, Johann N. Schneider-Ammann invited Indian Prime Minister Narenda Modi for an official meeting on June 6.

Speaking after talks Modi said that fighting against with danger of black money and tax avoidances is on the first place now.

We discuss need the early exchange of information for to take to justify tax offenders. The early start of talks about automatic exchange of information agreement will be important right now, added Schneider-Ammann stressed that the desire of Switzerland to make more stronger efforts for free trade agreement. He hopes that visit to India on this week Switzerland's State Secretariat for Economic Affairs will be a step toward the resumption of negotiations.

Modi said that India "has affirmed its readiness to resume FTA talks with EFTA."

Author: Olena Kutova

senior lawyer of the Finance Business Service company