OECD, India to enhance tax cooperation
15 Jun 2011
The Organisation for Economic Cooperation and Development (OECD) and India will enhance cooperation on issues relating to transfer pricing and promote better tax compliance. The two would also initiate measures to improve the prevention and regulation of cross-border disputes.
The two sides also agreed to expand tax cooperation and suggest measures, which will provide greater certainty to both taxpayers and the governments.
Participants at the seminar explored the challenges posed in the taxation of multi-national enterprises in a global economy.
The seminar was attended by 170 officials from India and a dozen from other OECD and non-OECD countries.
India has been actively involved in the OECD Committee on Fiscal Affairs and its working parties since 2006. It plays a lead role in the Global Forum on Transparency and Exchange of Information for Tax Purposes and is an active member of the OECD's multi-stakeholder Task Force on Tax and Development.
India recently become a full member of the OECD Network on Fiscal Relations Across Levels of Government, and will host a major conference in December 2011 - the international tax dialogue - 'Global Conference on Tax and Inequality.'