Tax haven: Current Affairs, GK & News - 2020-2021

India-Luxembourg Virtual Summit: Key Facts

Published: November 19, 2020

On November 19, 2020, India and Luxembourg held the first stand alone summit in two decades. Key takeaways The countries appreciated the launch of four Luxembourg satellites by Indian Space Research Organization in 2019. India welcomed Luxembourg’s decision of joining International Solar Alliance. Luxembourg has agreed to extend its full support to India during its ..

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RBI bans FDI establishments from Mauritius-Reasons, Causes, Impacts

Published: October 8, 2020

The Reserve Bank of India recently said that companies cannot set up Foreign Direct Investment from Mauritius. The apex bank has also banned FDI from jurisdictions similar to Mauritius as they do not comply with the norms set by Financial Action Task Force (FATF). Highlights Mauritius was recently listed in grey list of the FATF. ..

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Financial Secrecy Index 2018

Published: April 6, 2018

The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows or capital flight. The index was unveiled by the Tax Justice Network (TJN). The index is based on twenty ..

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Washington DC headquarters of International Consortium of Investigative Journalists (ICIJ)

Published: November 7, 2017

Recently, the International Consortium of Investigative Journalists (ICIJ) has released a global investigation ‘The Paradise Papers’ that reveals the offshore interests and activities of some of the world’s most powerful people and companies, including information about at least 31,000 persons or parties. India ranked 19th out of the 180 countries represented in the data in ..

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Multilateral Convention relating to Tax Matters inked by India

Published: January 31, 2012

· Indian finalized a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. This device as yet was available only for the members of Council of Europe and OECD , but was amended in 2010 and thrown open to all countries from last June. The Meeting was amended to answer this year’s G20 call for ..

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