Which of the following countries has agreed to share tax information automatically as per their commitment to ensure the fairness of the international tax system.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	ASEAN Countries
B	African Countries
C	BRICS Countries
D	SAARC Countries

Explanation:

Detailed explanation-1: -In 2021, 136 countries including India had agreed on a plan to redistribute tax rights across jurisdictions and enforce a minimum tax rate of 15% on large multinational corporations.

Detailed explanation-2: -A tax haven, or offshore financial center, is any country or jurisdiction that offers minimal tax liability to foreign individuals and businesses. Tax havens do not require businesses to operate out of their country or the individuals to reside in their country to receive tax benefits.

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