Aimed at providing relief to subsidiaries of US multinationals and ensuring a check on cross-border tax evasion, India has notified the inter-governmental agreement with the United States for exchange of country-by-country (CbC) reports filed by multinational enterprises (MNEs) regarding income allocation and payment of taxes.

Nitin Narang, Partner- Transfer Pricing shares his views on aforementioned story for PTI- Standalone story.

(This news has been picked up by 310 other news publications including Economic Times, Business Standard, Indian Express, Business Today etc.)
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