Information Exchange and Tax Transparency – Book on Global Tax Evasion and Avoidance by Commissioner of Income Tax (Transfer Pricing-I)

By | February 6, 2017
(Last Updated On: February 6, 2017)

Information Exchange and Tax Transparency – Tackling Global Tax Evasion and Avoidance

Author of  Information Exchange and Tax Transparency – Tackling Global Tax Evasion and Avoidance is Rahul Navin who is presently Commissioner of Income Tax (Transfer Pricing-I), posted in New Delhi

About Book  Information Exchange and Tax Transparency

In recent years, tackling global tax evasion and avoidance, facilitated through  offshore legal entities and structures, has become a priority for governments  around the globe. The political support for addressing this menace has resulted in development of standards on transparency and exchange of information and  almost every jurisdiction in the world has now committed to implement these standards. This book provides guidance to tax authorities, taxpayers,  tax professionals and public at large in understanding how global transparency and the commitment of jurisdictions to exchange information would facilitate investigation of cross-border transactions for effective protection of domestic tax revenue.Key Highlights
•   Explains the role of tax havens and offshore financial centres in global  tax evasion and avoidance
•   Discusses how tax havens and offshore financial centres have been “identified”      and listed over the years
•   Discusses offshore leaks in brief like “Panama Papers” and their role in     creating deterrence     against offshore tax evasion and avoidance
•  Discusses the development of global standards on transparency and exchange of      information and the role of OECD, G20 and Global Forum in developing     these standards
•   Provides the details of assessments undertaken by the Global Forum  regarding actual  implementation of exchange of information and results of these assessments     along with “Ratings”
•   Discusses the legal provisions and relevant case law around the world for exchange     of information including Article 26 of the OECD and UN Model DTAAs, TIEAs and     Multilateral Convention on Mutual Administrative Assistance in Tax Matters,  including their historical development over the years
•  Explains the key concepts of the exchange of information in detail including its    legal basis, standard of foreseeable relevance, exchange of past period    information, stolen data issue, confidentiality of information exchanged,     disclosure before the courts, limitation on exchange of information,    rights and safeguards, etc.
•  Explains other forms of administrative assistance under the tax treaties including    automatic exchange of information, spontaneous exchange of information,    simultaneous tax examination and joint audits
•  Discusses in detail the provisions for assistance in collection of taxes    under the provisions of tax treaties including its historical development    and relevant case law
•  Explains in detail the provisions Common Reporting Standards (CRS) on Automatic     Exchange of Information (AEOI)
•  Discusses in detail how the FATCA and CRS on AEOI are being implemented    in India and abroad and how the information received on an automatic   basis would be used for improving tax compliance
•  Briefly discusses the recommendations made under G20/OECD BEPS    Project for improving transparency including automatic exchange of    Country-by-Country (CbC) reports
•  Explains the provisions for disclosure of foreign income and assets under the    Black Money Act and the Income-tax Act, 1961
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Contents of this book on Information Exchange and Tax Transparency

Chapter 1.    Introduction
Chapter 2.    Role of Offshore Financial Centres in Global Tax Evasion and Avoidance
Chapter 3.    Statics on Unaccounted Money in offshore Financial Centres
Chapter 4.    Development of Global Standards on Transparency and
Exchange of Information
Chapter 5.    Global Forum Assessment of Exchange of Information on Request
Basis in Practice
Chapter 6.     Legal Provisions for Exchange of Information under Tax Treaties
Chapter 7.     key Concepts on Exchange of Information on Request under Tax Treaties
Chapter 8.     other Forms of Administrative Assistance under Tax Treaties
Chapter 9.     Assistance in Collection of Taxes
Chapter 10.   Foreign Account Tax Compliance act (FATCA)
Chapter 11.   Common Reporting standard for Automatic Exchange of Information
Chapter 12.   Disclosure of Foreign Income and Assets and the Black Money Act
Chapter 13.   Case Law Around the World on Exchange of Information

Information Exchange and Tax Transparency - Tackling Global Tax Evasion and Avoidance

You can buy this book for Rs 546 . Click to buy this Book online. It contains  808 pages

About the Author of Information Exchange and Tax Transparency – Tackling Global Tax Evasion and Avoidance

Rahul Navin is presently Commissioner of Income Tax (Transfer Pricing-I), posted in New Delhi. An IRS officer of 1993 batch, he has served in many capacities in his career of 23 years. He was part of the assessment and investigation wings, as Under Secretary in the Tax Policy and Legislation Division and Additional Director in the National Academy of Direct Taxes in-charge of training. From April 2011 to October 2015, he worked as Director in the FT&TR Division of the Central Board of Direct Taxes and during this period negotiated bilateral and multilateral agreements on Exchange of Information and also coordinated the requests made/received under these agreements by the Income Tax Department. He also regularly attended the meetings of OECD, Global Forum on Transparency and Exchange of Information and G20 as an Indian delegate and has made a significant contribution in improving global transparency in tax matters.

 

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