2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shri Nitin Gadkari
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Shri Suresh Prabhu
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Shri Arun Jaitley
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Shri Ashok Misra
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Detailed explanation-1: -i. India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which was signed by the Hon’ble Finance Minister Sh. Arun Jaitley at Paris on 07/06/2017 on behalf of India.
Detailed explanation-2: -As of January 1, 2023, there are 100 signatories to the MLI.
Detailed explanation-3: -The relevant tax treaty-related measures include preventing the abuse of Comprehensive Avoidance of Double Taxation Agreements/Arrangements (CDTAs) and improving the dispute resolution mechanism provided for in CDTAs.
Detailed explanation-4: -The MLI modifies the application of thousands of bilateral tax treaties concluded to eliminate double taxation. It also implements agreed minimum standards to counter treaty abuse and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaty policies.