Breaking News

You are here » Indian-Commodity  :  Top News  :  India urges UN to provide transparent platform for international taxation issues

23-May2018

India urges UN to provide transparent platform for international taxation issues

In order to have an equal voice on international taxation issues, India has urged the United Nations (UN) to provide a transparent platform for all member states. International taxation issue is perceived as 'skewed' in favour of those who make the rules. The counsellor in India's Permanent Mission to the UN Ashish Sinha highlighted that India has been of the view that the Committee of Experts on International Cooperation in Tax Matters Committee should be upgraded into an intergovernmental body. He added that for more effective implementation of tax standards universal membership is essential.

Sinha also said that India believes that implementation of a truly universal agenda would need a platform where all countries have equal voice on the issues related to international taxation. In order to safeguard the interest of all its members, he said that UN can provide this platform for open, transparent and inclusive processes. He added that this would also strengthen the relationship between taxation and development by providing a voice to the developing countries and a balance between North and South.

Ashish Sinha further said that in order to meet the ambitious targets of 2030 Agenda for Sustainable Development, adequate means of implementation are required. He also said that tax revenue is the most important means for the developing countries for mobilizing domestic resources for meeting the Sustainable Development Goals (SDGs). Increasingly globalised nature of business in today's interconnected world requires tax policies with a perspective beyond national borders. More importantly, it requires international cooperation and strengthening of institutional arrangements.


Related News

View all news

Crude oil futures end sharply lower on demand growth concerns

Crude oil futures ended sharply lower on Friday on profit booking on concerns that demand may slump amid slowing economic growth. The latest batch of data from China showed a slower pace of growth in industrial......

Copper futures end lower on growth worries

Copper futures ended lower on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States......

Physical Rubber prices witness improvement on Friday

Physical Rubber prices showed improvement on Friday. Spot prices for RSS-4 variety rose to 121.50/ kg compared to its previous closing of Rs 120.50/ kg; while the RSS-5 variety jumped to 118/ kg compared......

Top News

View all news

Wipro enters into strategic partnership with Saxo Bank

Wipro and Saxo Bank Group, a leading multi asset trading, have entered into strategic partnership. Saxo Bank has chosen Topcoder, a Wipro company and the world's largest talent network and crowdsourcing......

Wipro features as leader in Everest Group's PEAK Matrix Assessment 2019

Wipro has been positioned as a leader in Everest Group's recent report on Application Services in Capital Markets - Services PEAK Matrix Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation......

Datamatics Global Services gets nod to merge Lumina Datamatics

Datamatics Global Services (DGSL) and Lumina Datamatics (Lumina) have received approval to merge the two companies into DGSL. The merged Company would then be vertically split into two companies, namely,......