India Signs OECD agreement to Check Tax Evasion by MNC
Posted on:09 Jun 2017 11:42:36
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09 June 2017 Current Affairs:
India signed the OECD (Organisation for Economic Co-operation and Development) multilateral convention that aims to check cross-border tax evasion by multinational companies.
Union Finance Minister Arun Jaitley signed the multilateral convention in Paris, France to implement tax treaty related measures to prevent base erosion and profit shifting.
The Multilateral Convention is an outcome of the OECD/G20 Project to ensure Base Erosion and Profit Shifting (BEPS) which is resorted to by Multi National Company's through tax planning strategies by exploiting gaps and mismatches in tax rules.
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