Mumbai, India (CU)_ For decades, Switzerland has been regarded as one of the world’s top tax havens, where multinational companies and the ultra-wealthy can store vast amounts of money that are difficult or impossible to track by financial authorities. As per the data of 2020, in terms of money stored in Swiss Bank, the Commonwealth nation UK retains the top position and India is in the 77th place. The other Commonwealth members Bahamas and Singapore are in the top ten places. Australia is in 18th place, Canada in 36, and Malaysia in 49th place.
The Swiss Supreme Court ordered on April 29 that the Swiss Bank account details of…
