Page 4 - Multilateral Convention News Today

The Organisation of Economic Cooperation and Development (OECD) has proposed the automatic exchange of information between countries and the creation of digitalised ownership registers for real estate. The move comes amid concerns about foreign investments being used to hide undeclared assets. The OECD also recommends the interconnection of digitalised ownership registers accessible to relevant government agencies on a real-time basis.

OECD suggests automatic exchange of information & digitalised ownership registers to enhance tax transparency in real estate.

India News: The G-20 leaders agreed on Saturday to expedite the adoption of the reporting framework for crypto assets, stating that a large number of member count

Finance Minister Nirmala Sitharaman underlined that India was very clear about having an inclusive approach and that no country should be left behind.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The G-20 leaders have agreed on the swift implementation of a reporting framework for crypto assets to prevent tax evasion. The framework, known as the Crypto Asset Reporting Framework (CARF), aims to ensure that non-financial assets like cryptocurrencies are not used to conceal unaccounted wealth. The G20 leaders also reaffirmed their commitment to a globally fair and modern tax system.

The declaration noted with deep concern the immense human suffering and the adverse impact of wars and conflicts around the world.

Prime Minister Narendra Modi on Sunday unfolded his opinions on various issues including inflation, G-20 meetings, climate change and more. Following is the transcript of PTIs exclusive interview with PM Modi by Editor-in-Chief Vijay Joshi and senior editors late last week at his Lok Kalyan Marg residence.

India News: Following is the transcript of PTI's exclusive interview with Prime Minister Narendra Modi conducted late last week at his Lok Kalyan Marg residence.

The genesis of the G20 was at the end of the last century. The major economies of the world got together with a vision of a collective and coordinated response to economic crises. Its salience grew even more during the global economic crisis in the first decade of the 21st century.