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India calls on G-20 nations for early solution on taxing digital companies

Highlights need for the G20 to keep a close watch on global current account imbalances

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Finance Minister Nirmala Sitharaman, Bank of England Governor Mark Carney and British Chancellor of the Exchequer Philip Hammond talk as they prepare for a family photo during the G20 summit in Fukuoka on Sunday

Press trust of India New Delhi

3 min read Last Updated : Jun 10 2019 | 12:41 AM IST

India has made a strong case for adoption of “significant economic presence” concept for taxing global digital companies and close cooperation among the G20 member nations to deal with fugitive economic offenders who flee their countries to escape consequences of law.

During her interactions at the two-day G20 meeting of finance ministers and central bank governors at Fukuoka in Japan, Finance Minister Nirmala Sitharaman also pitched for development of a common defensive toolkit of measures to deal with non-compliant tax jurisdictions that refuse to share tax related information.

Besides Sitharaman, Finance Secretary Subhash Chandra Garg and Reserve Bank Deputy Governor Viral Acharya

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