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G-20 countries agreed on exchange of information: Arvind Mayaram

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Plugging on the controversial issue of tax evasion, Secretary, Department of Economic Affairs, Arvind Mayaram in the recently concluded G20 Summit assured for a consensus build up of standards for automatic exchange of information on the taxes confirming to Multi National companies. Dr. Arvind Mayaram, secretary department of economic affairs said about the joint declaration released after the end of summit that the G-20 countries agreed on creating standard for automatic exchange of information on taxes related to multi-national companies to prevent cross border tax evasion and profit shifting.
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