Ratification of OECD’s Multilateral Convention to Check Tax Evasion
- On 12th June, 2019, Cabinet approved the ratification of a multilateral convention to implement OECD’s project on checking tax evasion.
- The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) was signed by India in Paris in 2017.
Impact
- It will modify India’s treaties in order to curb revenue loss through treaty abuse and base erosion and profit shifting strategies by ensuring that profits are taxed where substantive economic activities generating the profits are carried out and where value is created.
|
BEPS
|
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 Threatened Freshwater Species of Western Ghats
- 2 Shikari Devi Wildlife Sanctuary's Designated as Eco-Sensitive Zones
- 3 Indore and Udaipur Achieve Wetland City Accreditation
- 4 Industrial Clusters
- 5 Quadrantid Meteor Shower Peaked in January
- 6 New Glenn Rocket Successfully Reaches Orbit
- 7 Vikas Engine Restart for Reusability
- 8 Stargate
- 9 Armenia to Begin European Union Membership Bid
- 10 India-France Foreign Office Consultations
