Panama papers: India joins global task force

NEW DELHI: India joined a meeting of a global taskforce on shared intelligence and collaboration to pursue progress on the Panama papers investigations.

“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,” an official statement said on Tuesday.

Panama Papers are leaked documents from a Panama law firm — Mossack Fonseca, which has offices in 35 countries. It has 11.5 million documents involving 2,14,000 offshore entities covering a time period between 1977 and 2015.

The Panama Papers reveal names of 140 political figures from 50 countries with links to offshore accounts. These include 12 current

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