India, global investors need dialogue on tax issues: OECD

Tags: News
Indian government, industry and global investors should engage in a "constructive dialogue" to resolve taxation issues for facilitating greater flow of foreign investments into the country, OECD's global tax policy expert has said.

"India is by far one of the most important investment destinations for all of our companies... An open and constructive dialogue between the global investment community, Government and industry partners will be the only way forward in alleviating current tax challenges," said Will Morris, Chair of the BIAC Committee on Taxation and Fiscal Policy.

Business and Industry Advisory Committee (BIAC) is a wing of the Organisation for Economic Cooperation and Development, a grouping of developed and developing nations.

A visiting OECD delegation met senior officials from the government as well as the private sector to discuss ways to further improve India's tax climate for foreign investment, according to a press release here today. The visit of the OECD mission was hosted by US-India Business Council (USIBC).

"As a major global economic power, it is imperative to the global tax system that India's tax laws and administration are in harmony with international norms," Morris said.

The OECD delegation also met the International Monetary Fund officials here to discuss macroeconomic issues, as well as senior representatives of industry bodies Ficci and CII.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture