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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 tax base depriving them of much needed resources for developmental activities. It is also unfair to the general taxpaying public. It also provides an unfair competitive advantage to Multinational Enterprises (MNEs) vis-à-vis domestic companies .....

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