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

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

  • ₹995.00

In Stock
  • Author(s): Rahul Navin
  • Brand: LexisNexis Butterworths
  • Edition: Ed 2017
  • ISBN 13 9789350358894
  • Approx. Pages 772 + Contents
  • Format Paperback
  • Delivery Time Normally 7-9 working days

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Description
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
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
Subject Index
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Author Details
Rahul Navin is presently Commissioner of Income Tax (Transfer Pricing-1), posted in New Delhi. An IBS 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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