India can play key role in global tax reform body, says OECD

New Delhi could play a leading role in the proposed global task force on tax and development, being set up by OECD, a top official of the grouping has said.

The Organisation for Economic Cooperation and Development (OECD), primarily a grouping of the rich nations, would be establishing a task force to mainly help the developing world benefit from the international tax environment.

When asked about the proposed informal task force, the official said the membership would be around "20 to 30".

"We will discuss New Delhi's possible role with its administration to establish if it is interested... If India joined (the task force), they would take a leading role in sharing their experience and helping to achieve objectives," the official said in an email statement from Paris.

According to the OECD, the task force would help in implementing a coherent approach towards global tax matters, by engaging the developing nations and other key stakeholders including NGOs and businesses.

The official also noted priority of the task force will include developing a work programme to help the developing nations benefit from new international environment in respect of tax evasion and improving transparency in matters of banking and finance, among others.