{"id":6139,"date":"2010-02-18T10:19:03","date_gmt":"2010-02-18T08:19:03","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/18\/india-gets-it\/"},"modified":"2010-02-18T10:19:03","modified_gmt":"2010-02-18T08:19:03","slug":"india-gets-it","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/18\/india-gets-it\/","title":{"rendered":"India gets it"},"content":{"rendered":"<p>The Finance Minister of India Shri Pranab Mukherjee spoke to a seminar on transfer pricing yesterday <a href=\"http:\/\/pib.nic.in\/release\/release.asp?relid=57917\" target=\"_blank\">and said<\/a>:<\/p>\n<blockquote>\n<p>The structure and the location of the group entities of the multinational enterprises exploit the favourable tax regime offered by the low tax jurisdictions and tax havens.&#160; This has lead to accumulation of wealth and shifting of intellectual capital to these jurisdictions.&#160; The role of tax havens and low tax jurisdictions has become an area of great concern for a country like India which is putting its all acts together to mobilize resources to attack on poverty and illiteracy.<\/p>\n<p>The financial crisis faced by us has been unprecedented in recent history.&#160; It is widely believed that the tax havens and low tax jurisdictions were an important actors in the crisis.&#160; The opaque system of Exchange of Information in these tax havens and their non-compliant behaviour has been a matter of concern not only for revenue base but also linked to financing of activities which are detrimental to national security interest. <\/p>\n<p>It is in our mutual interest to maintain a healthy global fiscal system which is self-sustainable and all important actors including the tax havens comply with the established norms of transparency and fiscal discipline. <\/p>\n<\/blockquote>\n<p>I think that says a great deal in a very few words that summarise much of what the Tax Justice Network has been seeking to raise awareness of, and change.<\/p>\n<p>The awareness is now commonplace. Change is happening. <\/p>\n<p>We need to celebrate the good news sometimes.<\/p>\n<p>Hat tip to Martin Hearson, Action Aid<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Minister of India Shri Pranab Mukherjee spoke to a seminar on transfer pricing yesterday and said: The structure and the location of the<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/18\/india-gets-it\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,80,32,51],"tags":[],"class_list":["post-6139","post","type-post","status-publish","format-standard","hentry","category-development","category-secrecy-jurisdictions","category-tax-havens","category-transfer-pricing"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6139"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}