PARIS, Feb13 (PTI): Global economic body OECD today unveiled a new "game-changing" mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory with the purpose of tackling black money.
"The Organisation for Economic Cooperation and Development will formally present the standard for the endorsement of G20 finance ministers during a February 22-23 meeting in Sydney in Australia," the world body, whose economic policies are followed by over 120 countries, said in a statement.
"The G20 invited the OECD to develop a global standard on automatic exchange of information in 2013 and remains the driving force behind the move toward greater tax transparency worldwide," it said.
India to follow OECD\\\'s new standard on blackmoney
FE Team | Published: February 14, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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