Swiss banks open the door for India's tax evasion crackdown

As the famed secrecy walls of Swiss banks started to crumble, some Indians felt a chill down their spine. Delhi has begun receiving information on its residents' account details in Swiss banks. That tranche of data opens a pandora's box that India's tax authorities are keen to explore as they launch a renewed effort against tax evasion. The data could help establish prosecution cases against those who had any unaccounted wealth in those accounts, as it provides entire details of deposi...