With Anti Money Laundering law a focus of policy and treaty shopping in hand, India is one of the early nations approached by the Swiss to replicate their early settlements with Britain and Germainy. In the new agreements signed with Britain and Germany all accounts hel din their currency for from n address resident in the said country will immediately be taxed at the top rate of 30% and future inflows will be taxed between 15-28% in the British case , the proceeds of such taxed "income" going to the home government and thus capping all revenue leakages. The Swiss also have to sell theIdea to the US who continues to insist on getting a list of names of such account holders resident in the US. With IE breaking the satory however, it could very much be just non news..

(IE)  The Swiss Federal Department of Finance, the counterpart of India’s Union finance ministry, said: “Switzerland is open to explaining the Swiss model of a final withholding tax to other interested countries (including India).” It, however, said that any decision on concrete negotiations could only be done after it finalised the agreements with the UK and Germany.

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