World's 20 leading economies today agreed to start automatic sharing of tax information by end 2015, while emphasising that multinational corporations be taxed in countries where they earn their profits.
Amid large number of tax avoidance cases, India and other economies have been pressing for effective system for getting financial information from other nations, especially low tax jurisdictions.
Shifting corporate profits from high-tax countries to low tax jurisdictions is being debated worldwide in the backdrop of several large MNCs not paying fair share of taxes anywhere.
Amid large number of tax avoidance cases, India and other economies have been pressing for effective system for getting financial information from other nations, especially low tax jurisdictions.
Shifting corporate profits from high-tax countries to low tax jurisdictions is being debated worldwide in the backdrop of several large MNCs not paying fair share of taxes anywhere.