'Transfer Pricing Disputes Burden Developing Nations': Nirmala Sitharaman at BRICS Tax Meet
India wants the groups to outlast its chairship and give BRICS economies a stronger voice in global tax talks, officials said.
- On Wednesday, Finance Minister Nirmala Sitharaman proposed two new BRICS working groups in New Delhi dedicated to taxation, aiming to address challenges disproportionately affecting developing economies.
- Sitharaman noted that transfer pricing disputes burden developing countries "disproportionately." The BRICS tax track prioritizes using technology to make administration more precise while reducing individual discretion.
- Revenue Secretary Arvind Shrivastava noted that experts spent two days reviewing the scope of these groups. The Transfer Pricing Working Group will share experience on treaty interpretation and Mutual Agreement Procedure mechanisms.
- Designed to outlast India's Chairship, these working groups create sustained institutional space for progress regardless of leadership rotation. The Minister stated every BRICS member has experienced these tax problems.
- Decisions made over the next few years will shape cross-border taxation for a generation. China assumes the rotating BRICS Presidency in 2027 as the bloc continues negotiating rules under the United Nations Framework Convention.
11 Articles
11 Articles
BRICS should work together on transfer pricing as disputes burden developing nations: FM Sitharaman
Finance Minister Nirmala Sitharaman has proposed two new BRICS working groups on international taxation and revenue statistics, calling for greater cooperation among developing economies as global tax rules are renegotiated.
Sitharaman flags transfer pricing challenges, backs new BRICS tax groups - The Tribune
Finance Minister Nirmala Sitharaman on Wednesday said disputes over transfer pricing place an unequal financial burden on developing nations, as India advocated the establishment of two new BRICS working groups focusing on international taxation, transfer pricing and revenue statistics.
Brics to set up working groups on transfer pricing, revenue statistics
Brics countries will set up working groups on international taxation, transfer pricing and revenue statistics to strengthen tax cooperation. India says the groups will help developing economies address cross-border tax challenges and build a stronger collective voice in global tax negotiations.
The Economic Times
Times of India'Transfer pricing disputes burden developing nations': Nirmala Sitharaman at BRICS tax meet
Union Finance Minister Nirmala Sitharaman said at the BRICS Tax Heads meeting that India’s digital tax systems have drawn interest from BRICS partners, while new working groups on “international taxation and transfer pricing” and “revenue statistics” will strengthen tax cooperation.
Transfer pricing disputes ‘disproportionately’ burden developing nations: Sitharaman
New Delhi, Sep 23 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said transfer pricing disputes “disproportionately” burden developing countries, as India advocated for setting up two new BRICS working groups dedicated to taxation. Addressing a meeting of the BRICS heads of Tax authorities, Sitharaman said the meeting will look at the Scoping Documents for two […]
Sitharaman urges BRICS tax administrations to strengthen collective voice - OrissaPOST
New Delhi: Finance Minister Nirmala Sitharaman said Wednesday that tax administrations of BRICS countries must strengthen their collective voice in the ongoing renegotiation of international tax rules. Addressing the inaugural session of the BRICS Tax Heads meeting here, Sitharaman said that BRICS countries are large developing economies and source jurisdictions that have built significant domestic […]
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