FINANCE Minister Mr.Pranab Mukherjee is leaving today for Paris to attend the
G-20 Meeting and is is likely to raise the issue of exchange of information
among different countries to fight against the menace of blackmoney and terror
financing. Tax evasion and illicit flows have posed serious challenges to the
world economy. Mr Mukherjee may impress on G-20 member countries to start
exchanging information automatically for tax purposes on a voluntary basis
including exchange of past banking information.
During one of his
interventions, the FM may ask the G-20 member countries to impress upon
concerned countries especially tax havens for uninterrupted flow of information
relating to blackmoney and terror financing. Among others, the issue of global
economy and framework for strong, sustainable and balanced growth, reforms of
International Monetary System (IMS), Financial Regulations, Development Climate
change and Innovative Financing issues and road to Cannes and Mexico Priorities
for the G-20 in 2012 are to be discussed during the two day conference of G-20
Finance Ministers.
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