Five countries sign pact for automatic exchange of information on tax issues and developing new tools and standards

Q.  India and China have signed a pact with how many other nations for information sharing?
- Published on 13 May 16

a. 3
b. 4
c. 5
d. 6

ANSWER: 3
 
  • Canada, Iceland, India, Israel, New Zealand and PRC have signed a agreement for boosting transparency by MNEs through the Multilateral Competent Authority agreement for the automatic change of country to country reports.
  • The total number of signatories is now 29
  • Other countries which have signed the pact include Australia, France and Germany.

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