Tuesday, February 9, 2010

India can play key role in global tax modification: OECD

0
India could play a leading role in the planned global task force on tax and development, being set up by OECD, a top official of the grouping has said.

The Organization for Economic Cooperation and Development (OCED), primarily a grouping of the rich nations, would be establishing a task force to mostly help the developing world benefit from the worldwide tax environment.

When asked about the proposed casual task force, the official said the membership would be around “20 to 30”.

“We will discuss New Delhi’s possible role with its administration to institute if it is interested... If India joined (the task force), they would take a leading role in distribution their experience and helping to attain objectives,” the official told PTI in an email statement from Paris.

According to the OECD, the task force would help in implementing a rational approach towards global tax matters, by appealing the developing nations and other key stakeholders including NGOs and businesses.

The official also noted priority of the task force will include developing a work programmed to help the developing nations benefit from new global environment in respect of tax evasion and improving simplicity in matters of banking and finance, among others.

No Response to "India can play key role in global tax modification: OECD"

Post a Comment

Note: Only a member of this blog may post a comment.