Finance and revenue secretary Ajay Bhushan Pandey on Friday urged Brazil, Russia, India, China and South Africa (BRICS) nations to share measures implemented by their tax administration that will help them understand fiscal and economic impact of the global pandemic Sharing these taxation norms is expected to encourage other nations to evaluate ways to support the government in containing the spread and recovering from covid-19 crisis.
Pandey also urged the BRICS nations to agree for wider sharing of information exchanged under tax treaties to counter corruption, money laundering and terror financing.
The meeting of the heads of tax authorities from five large emerging economies of the world —Brazil, Russia, India, China and South