Switzerland Signs OECD Multilateral Convention
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Switzerland Signs OECD Multilateral Convention

By Press Trust of India
In a major boost for India and other countries seeking details on suspected black money stashed in Swiss banks, Switzerland has agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
The development, which virtually pulls down the famed secrecy wall surrounding Swiss banks, would lead to Switzerland providing all forms of mutual assistance – exchange on request, spontaneous information sharing, tax examinations abroad, and assistance in tax collection.
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