India, Switzerland to discuss tax treaty in November

New Delhi, Oct 30 (PTI) Amid allegations of black money
being stashed in Swiss banks, India and Switzerland have
advanced their talks on amending the taxation treaty by a
month to the second week of November.
The discussions on renegotiating the Double Taxation
Avoidance Agreement (DTAA), which comes in the wake of India
seeking details of the black money stashed in Swiss banks, was
earlier scheduled to be held in December.
"Exact date, I don't remember. I was told, it (the talks
on taxation treaty) has been advanced... it may be November 10
or 11, earlier it was December 10,11...," India Finance
Minister Pranab Mukherjee said, responding to a question on
renegotiating the DTAA with the Swiss authorities.
Speaking at the Hindustan Times Leadership Summit here,
Mukherjee asserted that the government is "genuinely serious"
about amending the treaty.
Earlier, Mukherjee had said India and Switzerland would
meet in December to negotiate the DTAA amendments.
Regarding the amount of unaccounted money lying in Swiss
banks, the Finance Minister said the government had made
only one estimate, way back in 1985.
"As far as the estimation (about black money) is
concerned, the government has not made any estimates.
"Government made one estimation sometime in 1985 and
thereafter, they did not make any effort but there has been
some well-documented studies by some experts, some professors
and those figures are available," Mukherjee said. PTI IND
DDC


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