India becomes 1st country to contribute $100000 to UN Tax Fund

  • India has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the 1st country to make the contribution. The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters. 
  • The UN Tax Committee, a subsidiary body of the UN Economic and Social Council (ESOSOC), has provided guidance on current issues such as double taxation treaties, transfer pricing (profit shifting) taxation of the extractive industries and taxation of services. 
  • The committee also provides a framework for dialogues with a view to enhancing and promoting international tax cooperation among national tax authorities, while making recommendations on capacity-building and the provision of technical assistance to developing counties and countries with economies in transition.
Important Points from above News-
  • UN Headquarters in New York City, USA.
  • The Secretary General of UN is Mr. Antonio Guterres.

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