Switzerland's biggest party is threatening to derail India's access to black money data

The Swiss People's Party has said that India is corrupt and will misuse the data to extort clients

Switzerland’s right-wing and biggest political party has said that “corrupt and authoritarian countries” should not be given access to tax data, in a move that could threaten the country’s automatic information exchange (AIE) treaty with India and ten other nations.

In late 2016, India and Switzerland signed a data-sharing treaty that would have Swiss authorities collect bank data and send it to Indian tax authorities and vice versa. The automatic exchange of tax information was hailed in India as a victory for the Modi government and has been seen globally as an important step in