India signs up to Europe-led clampdown on tax evasion and corruption
Free Current Affairs to Your Email
Posted on:10 Jun 2016 15:03:31
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.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.