Geneva businessman forced to pay millions in back tax

Wednesday, 1 September 2021 03:51

Geneva tax authorities have seized CHF 125m in tax from the Swiss nationalized Indian businessman Prakash Hinduja.

The family run a multinational conglomerate which is involved with finance, health, media and industry.

Courts agreed Hinduja claimed he’d moved to Monaco, but in fact stayed with his family in Cologny and so avoided Geneva tax.

He’s also accused of taking undeclared income from funds based in the Isle of Man.

The family itself is also involved in an internecine legal fight as to the ownership of the Hinduja Bank in Geneva.

More from Bitesize News

Thousands of Swiss nationals stuck in middle east

Bern says it’s not able to repatriate thousands of Swiss citizens who are either resident in the middle east - or stranded as their flights have been cancelled.
Anti-war demonstrators in Geneva

Around a hundred people gathered in Geneva yesterday evening to protest the war in Iran.
Parmelin signs EU deal

Swiss President Guy Parmelin met European Commission President Ursula von der Leyen in Brussels yesterday to advance a new package of bilateral agreements between Switzerland and the EU.
Parliament moves closer to end murder loophole

Switzerland is moving closer to abolishing the 30 year statute of limitations for murder.
Water worker buried alive

A worker has died after being buried alive in canton Fribourg.
Petition for quiet cars on trains

A woman from Biel in canton Bern has launched an online petition calling for quiet carriages in second class on Swiss trains.