FIRST INTERNATIONAL TAX CONFERENCE opens in Delhi today
The first international Tax Conference – co-hosted by the Ministry of Finance, Asian Development Bank (ADB) and Organization of Economic Cooperation and Development (OECD) will be held from 2nd July, 2007 in New Delhi. The two-day Conference will bring together, on a common platform, experts from the various countries and India as well as tax officials of the Government of India to discuss tax reforms in different countries.
The Conference provides to the international participants, a unique opportunity of understanding Indian tax reforms as well as to contribute to the process. Changes in the policies in India will have a large overall impact since one sixth of the humanity lives in the country.
Apart from the formal methods of interaction, the Conference provides an excellent opportunity for the participants to develop informal contacts and exchange views and information which may also develop some long-time associations.
This is a very important conference where vital issues like transfer pricing are to be discussed and if you look at the web sites of Income Tax, CBEC or Finance Ministry, they seem to be oblivious to what is happening. And the PIB press release is gloating over India’s fiscal reforms, as if that is the only important thing that ever happened in the international fiscal scenario.