Jaitley Embarks On Four-Day Visit To Paris, To Sign OECD Tax Pact
Finance Minister Arun Jaitley on Tuesday embarked on a four-day visit to Paris during which he will address foreign investors and sign the OECD pact that aims to check cross border tax evasion by MNCs. Jaitley will deliver the keynote address at the OECD meeting on Wednesday and participate in a panel discussion on 'Stocktaking on Globalisation'.
Other participants in the panel discussion include OECD Secretary General Angel Gurria and Denmark Minister of Foreign Affairs Anders Samuelsen. He will also participate in discussion sessions on 'The Challenges of Globalisation and the OECD' and 'Cashless Society and Fintech'. He will also hold a bilateral meeting with Gurria, as well as Denmark Foreign Minister Anders Samuelsen and Finland Minister of Foreign Trade and Development Kai Mykkanen.
"Thereafter, the Finance Minister will participate in the Signing Ceremony for BEPS Convention and will make a statement on the occasion of the Signing Ceremony," a statement by the Finance Ministry said.
The Union Cabinet had last month approved signing of the multilateral convention of the Organisation for Economic Cooperation and Development (OECD). The convention is an outcome of the OECD-G20 BEPS project to tackle base erosion and profit shifting (BEPS) which is resorted to by MNCs through tax planning strategies by exploiting gaps and mismatches in tax rules.
On June 8, Jaitley, who also holds the defence portfolio, will call on his French counterpart and Minister of Defence, Sylvie Goulard. Thereafter, he will also meet the President of MEDEF (Mouvement des Entreprises de France), Pierre Gattaz.
The finance minister will also make a statement at a "Conference on Business opportunities between the African Tech System and the Global Tech World", the statement said.
Jaitley will address an investors roundtable session co-organised by CII and BNP Paribas.
On June 9, Jaitley will call on the French Minister of Economy Bruno Le Maire. In the evening, the Finance Minister will leave for back home and arrive in the national capital on June 10.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
