Panama papers: India discusses tax info exchange with global joint task force to plug evasion

New Delhi: India has participated in the global joint task force meet to discuss with countries information exchange as it looks to pursue work on the Panama Papers, the finance ministry said on Tuesday.

The Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting was reconvened in Paris in the last week of June 2017 to pursue the work on the Panama Papers.

“Based on legal instruments under the OECD and Council of Europe Multilateral Convention and tax treaties, a number of countries shared information in confidential Competent Authorities sessions, on structures that facilitate, enable and promote tax avoidance/evasion. India also shared its experience in this regard,” the statement said.

Reuters

Reuters

Demonstrating the value and strength of JITSIC, 30 project participant countries have continued to exchange, analyse and act on information about taxpayers and intermediaries connected to Mossack.

In the past six months, more than

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