Pranab to inaugurate seminar on tax-related issues on Monday

Pranab to inaugurate seminar on tax-related issues on Monday

New Delhi: Finance minister Pranab Mukherjee will on Monday inaugurate a two-day seminar on tax-related issues faced by India and the Organisation for Economic Cooperation and Development (OECD) countries here.

Over 150 representatives from around 30 member countries of OECD along with those of International Monetary Fund (IMF), World Bank and tax officials from India are expected to participate in the seminar.

The two-day international seminar titled ‘Adopting Tax System and International Tax Rules to the New Global Environment: A Shared Challenge for India and the OECD´ is being held in India for the first time.

“The variety of inter-company transactions, increased global business restructuring and location of companies in various tax jurisdictions have brought various challenges to the tax administration on transfer pricing rules," an official release said.

The seminar will deliberate on the issues pertaining to transfer pricing, global trends in tax reform, implications for international tax arrangements, international dispute resolution and elimination of double taxation, among others.

Mukherjee will address the media alongwith the secretary general OECD after inaugurating the seminar.