India participates in JITSIC meeting on ‘Panama Papers’ where 30 Revenue Authorities shared their findings on investigations arising from the Panama Papers; including the role of tax intermediaries such as financial institutions, advisers etc, who facilitate tax evasion

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..... India participates in JITSIC meeting on ‘Panama Papers’ where 30 Revenue Authorities shared their findings on investigations arising from the Panama Papers; including the role of tax intermediaries such as financial institutions, advisers etc, who facilitate tax evasion - News and Press Release Dated:- 21-1-2017 - News - India participated in the Joint International Taskforce on Shared Intellige .....

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..... nce and Collaboration (JITSIC) meeting held in Paris on 16 th and 17 th January 2017 where 30 Revenue Authorities shared their findings on investigations arising from the Panama Papers; including the role of tax intermediaries such as financial institutions, advisers etc, who facilitate tax evasion. The meeting included sharing of best practices and information between participating member co .....

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..... untries based on legal instruments under the tax treaties and OECD and Council of Europe Multilateral Convention. The sharing of this information within a group of this size is unique and sets the basis for greater cooperation amongst tax administrations. Since the last JITSIC meeting of this group, significant achievements have been made including the development of uniform approaches to reque .....

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..... sting information between treaty partners, clearer understanding of the evasion typologies adapted by intermediaries, and new techniques for collating intelligence. JITSIC will continue to draw on the best intelligence capabilities from tax authorities around the world and share best practices for data analysis and collaboration on intelligence. The tax administrations will, accordingly, continue .....

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..... to share information under existing legal frameworks for exchange. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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