From: CUTS International
India sings Multilateral Agreements at Paris, now common tax agreement for all investors
The Economic Times
June 07, 2017
The government on Wednesday adopted a common tax agreement which could lead to uniform tax regulations for all investors, irrespective of which destination they come from. This multilateral agreement under the base erosion and profit sharing (BEPS) framework, could solve a lot of confusion around tax treaties and tax arbitrage issues for India, people in the know have said.
On Wednesday more than 100 countries including India, signed the OECD multilateral convention in Paris that aims to check cross-border tax evasion by multinational companies. Further, it will open up doors of expediting dispute resolutions in areas like international tax and transfer pricing where countries will not be required to amend individual treaties after agreeing to the broad terms in the multilateral instrument.
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