Prime Minister Narendra Modi at the opening session of G20 Summit in Hangzhou, China on Sunday. (Source: PTI) Prime Minister Narendra Modi at the opening session of G20 Summit in Hangzhou, China on Sunday. (Source: PTI)India, China, the US and other G20 leaders today pledged to continue supporting international tax co-operation to achieve globally fair and modern international tax system, foster growth and refrain from competitive devaluation of currencies. The leaders vowed that they “will continue our support for international tax co-operation to achieve a globally fair and modern international tax system and foster growth, including advancing ongoing co-operation on Base Erosion and Profit Shifting (BEPS), exchange of tax information, tax capacity-building of developing countries and tax policies to promote growth and tax certainty”. We are using fiscal policy flexibly and making tax policy and public expenditure more growth-friendly…”.

Source: Indian Express September 05, 2016 15:33 UTC