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MULTILATERAL COMPETENT AUTHORITY
Nepal seeks reset with China as Foreign Minister Khanal holds wide-ranging talks in BeijingNepal's Foreign Minister Shisir Khanal had a meeting with China's Wang Yi in Beijing. They talked about how the two countries get along, im...- Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
- India reaffirms ban on bilateral sports with Pakistan, allows participation in multilateral eventsIndia's sports ministry has confirmed that bilateral sporting events with Pakistan remain suspended. However, athletes from both nations ca...
- India engaging proactively with Switzerland to obtain info under tax treaty"In respect of these media reports, the Swiss authorities have recently, inter alia, conveyed that the SNB's (Swiss National Bank) report p...
- Swiss authorities asked to provide info on deposits by Indians in Swiss banks: Fin MinThe move comes following reports of deposits by Indian Swiss banks rising to Rs 20,700 crore at the end of 2020, from Rs 6,625 crore at the...
- View: No case of ‘deal making’ being central to Narendra Modi’s foreign policyWith Trump detested by US Democrats, the opposition in India contrives to equate Modi with Trump variously by claiming absurdly that Modi s...
- BRICS urge concerted efforts to fight terror under International lawWe recognize progress made in BRICS cooperation in counter-terrorism and welcome the results of the Fourth Meeting of the BRICS Counter-Ter...
- India-US sign pact for exchange of reports to check tax evasion by MNCsThis agreement will enable both the countries to automatically exchange CbC reports filed by the ultimate parent entities.
- Switzerland plans ordinance for automatic tax info exchangeSwitzerland today started the process for an ordinance to put in place a mechanism for automatic exchange of tax information with India and...
- OECD issues standardised e-format for info exchange on BEPSThe move is part of larger efforts, agreed upon by G-20 countries, including India, to clamp down on activities that leads to Base Erosion ...
- India, Germany agree to enhance tax-related information sharing, revise DTAAThe agreement on increased cooperation for exchange of financial information came after a meeting between Revenue Secretary Shaktikanta Das...
- Black money: Information leaks delay data flowIn recent examples, Germany had protested the breach of confidentiality clause after the names of Indian account holders were revealed.
- Mauritius joins global tax convention to fight black moneyMauritius has become a signatory to the multilateral framework that provides mutual administrative assistance on tax matters with India and...
- A permanent SIT to crack black money cases?The investigation unit is most likely to be headed by a commissioner-level officer and will function under the revenue department.
- UNSC undermines the authority of General Assembly: IndiaHe said this could result in setting new norms instead of spending considerable time and resources on procedural issues.
- India to sign tax agreement with US for sharing of informationIndia today decided to sign an agreement with the US on a tax compliance act that will enable exchange of information on cases of tax avoid...
- Switzerland begins talks for framing tax information exchange lawSwitzerland, known for its banking secrecy practices, has been facing international pressure amid concerns over entities parking unaccounte...
- Black money menace: Switzerland moves closer to automatic tax info exchangeSwitzerland agreed to join global framework that allows automatic exchange of tax info, a move that would bolster efforts of countries in f...
- G20 committed to global response to deal with cross border tax evasion: IndiaIndia today said the Grouping of 20 major economies is committed to a global response to deal with cross border tax avoidance and evasion.
- Black money: India fails to attend meet on combating tax evasionAt the meeting of the OECD, 51 countries signed the agreement to share financial data and boost efforts to crack down on tax evasion.
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