Saturday, February 12, 2011

News Updates: Information Sharing Agreement with British Virgin Islands

India has signed a Tax Information Exchange Agreement (TIEA) with British Virgin Islands.
This would allow the Indian authorities to access information from countries often labeled as 'tax havens'. The information would be shared by the countries in case of placement of a specific request.

The TIEA with British Virgin Islands is available here.

The Economic Times reports the India is vetting a proposal to impose tax sanctions against countries that refuse to share information on suspected tax evaders.

The news report is available here.

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