Paris, Oct 15: In a major gain for India, the G-20 Finance Ministers today decided to back measures to obtain tax information from entities, a move that can help countries get information about money stashed in tax havens.
A communique, issued at the end of two-day meeting of G-20 Finance Ministers including Pranab Mukherjee, said the meeting has underlined, in particular, the importance of a comprehensive tax information exchange and encouraging competent authorities to continue their work in the global forum to assess and better define the means to improve it.
For the first time, there is acceptance that G-20 will put its weight behind the issues relating to obtaining tax information, a senior Indian official accompanying Mukherjee said.
From: http://ping.fm/oAotu
No comments:
Post a Comment