Black Money: India has independent evidence, says Arun Jaitley

The Finance Minister Arun Jaitley has said India has accumulated independent evidence about its natives having unaccounted cash in Swiss banks and Switzerland has offered full co-operation in imparting of data in this respect.

India would be going into reciprocal agreements with Switzerland and different nations for automatic exchange of tax data, Jaitly who met his Swiss counterpart Eveline Wider-Schlumpf said.

The worldwide community is moving towards automatic exchange of data, he added.

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