UK-type tax treaty with Swiss not possible: Govt

NEW DELHI: Unlike the UK, India cannot have a treaty with Switzerland under which the deposits of Indians in Swiss banks would be taxed by the European nation, said the Central Board of Direct Taxes (CBDT). "We cannot have such a treaty with Switzerland because the environment is not conducive," said a senior CBDT official when asked if it was possible for India to have a similar tax treaty as was negotiated between the UK and Switzerland.