India Opens New Front In Tax Evasion Battle

India Opens New Front In Tax Evasion Battle by Priti Patnaik, swissinfo.ch

An investigatory body, recently set up by India’s new government to unearth black money, trumpeted the disputed cooperation to the Times of India: “This is a breakthrough development in the fight against black money. Until now, the impression was that Switzerland is creating hurdles in this battle,” Arijit Pasayat, vice-chairman of the Special Investigations Team (SIT), told the newspaper.

But an official denial of such a list from the Swiss State Secretariat for International Financial Matters (SIF) hints at a more challenging task ahead for Indian investigators. “Such reports [of lists being prepared] are untrue,” SIF spokesman Mario Tuor told swissinfo.ch.

SIF added in a later statement...