BERNE: Underlining that tax evasion and money laundering have strong links with terrorism, President Ram Nath Kovind on Friday said the agreement on the automatic exchange of tax information between India and Switzerland is a “very positive development” which will help fight the scourge.
President Kovind, addressing the Federal Council of Switzerland, sought the country’s support to enhance global efforts to defeat and destroy all manifestations of terrorism.
“I am happy to note that we will have the first automatic exchange of information on tax matters in the coming weeks. It is a very positive development. Tax evasion and money laundering have strong links with terrorism,” he added. (AGENCIES)