Minister pushes for information exchange on black money

Jayant Sinha

Jayant Sinha, the minister of state for finance, has “strongly advocated” full and fast implementation of automatic exchange of tax information among nations, to better track illegal money in foreign banks. At a recent meeting of G20 grouping finance ministers and central bank governors, where he said this, a communiqué stated the nations concerned had pledged to strengthen transparency in this regard, to prevent cross-border tax evasion. “We will finalise the (BEPS) deliverables by year-end,” the communiqué stated. BEPS, or base erosion and ...