Highlighting the need to boost the private sector participation, on increasing the sustainable and digital infrastructure investments, she also emphasised on mobilising finance at sub-national level for inclusive and quality infrastructure
Finance Minister Nirmala Sitharaman urged for an effective tax reporting regime and information exchange between jurisdictions on 13 October. This to combat offshore tax evasions for crypto assets.
On the side-lines of the annual meetings of the International Monetary Fund (IMF) and the World Bank, Sitharaman critically noted a number of critical issues, including infrastructure, investments and international taxation. She participated in the G20 Finance Ministers and Central Bank Governors meeting too.
Highlighting the need to boost the private sector participation, on increasing the sustainable and digital infrastructure investments, she also emphasised on mobilising finance at sub-national level for inclusive and quality infrastructure.
Discussions were held, on the progress made on international taxation agenda in this year, during last session of the ongoing G20 meeting.
Addressing on the two-pillar solution, Sitharaman urged for participative engagement of all jurisdictions in negotiations and prioritise capacity building. She further added that international tax rules must be simple and easy to understand, administrable and should generate meaningful revenue in the developing countries.
According to multiple tweets by the Ministry of Finance, the minister also urged for an effective tax reporting regime and information exchange between jurisdictions in order to combat offshore tax evasion for crypto assets.