Swiss sign pact to share black money info with India, others

The famed wall of secrecy around Swiss banks has crumbled, with Switzerland signing an international agreement on fighting tax evasion - a move that will allow India and other countries access to information on concealed illicit money. Switzerland agreed to exchange information and provide assistance in tax matters after it signed the Organisation for Economic Cooperation and Development's  (OECD) Multilateral Convention on Mutual Administrative Assistance in Tax Matters on Tuesday. India is among the 58 signatories of the convention.

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