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India signs up to Europe-led clampdown on tax evasion and corruption

India signs up to Europe-led clampdown on tax evasion and corruption
10 June 2016 Current Affairs: India has joined a group of nearly 40 countries that have signed a Europe-led clampdown on tax evasion and corruption. 

Under this group countries are committed to automatically exchange information on beneficial ownership between law enforcement agencies and tax authorities of partner countries. 

This initiative aims to develop a global standard for the automatic exchange of beneficial ownership data Most European countries except Switzerland have signed this automatic exchange mechanism.

 Besides India, some of the other countries outside Europe include Nigeria, Afghanistan, Mexico and UAE. India’s this move is seen step in the direction of NDA Government’s election pledge in 2014 to recover billions of dollars sent to tax havens abroad to avoid income tax.


January 2017 Current affairs
20 JAN
NEWS
19 JAN
NEWS
18 JAN
NEWS
17 JAN
NEWS
16 JAN
NEWS
13 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS




November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
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26 OCT
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25 OCT
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24 OCT
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22 OCT
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September 2016 Current affairs
30 SEP
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29 SEP
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28 SEP
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27 SEP
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26 SEP
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