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Intervention of Finance Minister on International Tax Issues at G20

Dated:- 20-4-2015 - Following is the text of the Intervention made by the Union Finance Minister Shri Arun Jaitley: Base Erosion and Profit Shifting (BEPS) has been a cause of concern for developing and emerging economies for long as it erodes their .....

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which have no opportunities for BEPS strategies. We welcome the progress made in BEPS project incorporating the participation of eight (8) non-OECD G20 countries. Although exchange of information on request basis has resulted in improving transparen .....

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ed only by the free flow of financial account information, exchanged amongst countries on an automatic basis. We strongly feel that there is a need to ensure that the Common Reporting Standards on Automatic exchange of Information should be implement .....

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