CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Seven new countries join BEPS agreement.Which of the following country is not part of this agreement
A
Gabon
B
Indonesia
C
Singapore
D
Lithuania
Explanation: 

Detailed explanation-1: -The four countries that have not signed up are Kenya, Nigeria, Pakistan and Sri Lanka.

Detailed explanation-2: -What are we doing to solve it? The OECD/G20 Inclusive Framework on BEPS brings together over 135 countries and jurisdictions to collaborate on the implementation of the BEPS Package.

Detailed explanation-3: -Mainland China and Hong Kong SAR remain amongst the 136 jurisdictions. 130 out of the 139 member jurisdictions of the G20/OECD Inclusive Framework on BEPS jointly issued the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy on 1 July 2021.

Detailed explanation-4: -Yes, India is a part of the Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD).

There is 1 question to complete.