Switzerland Shares Information Of Swiss Bank Account Holders

Switzerland on October 9 shared data of about 3.1 million Swiss bank accounts to 86 countries under the Automatic Exchange of Information pact. Reportedly, the data released includes a "sizeable number" of accounts related to Indian citizens and entities. However, the exact numbers are not disclosed. The data is said to help tax authorities to determine whether the account holders have filed their tax returns in accordance with their financial status.