India Signs OECD agreement to Check Tax Evasion by MNC

Posted on:09 Jun 2017 11:42:36
India Signs OECD agreement to Check Tax Evasion by MNC
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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