CURRENT AFFAIRS

Detailed explanation-1: -TIWB is a capacity-building programme. It is a joint OECD/UNDP initiative launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.

Detailed explanation-2: -Tax Inspectors Without Borders (TIWB) is a joint initiative of the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) supporting countries in building tax audit capacity.

Detailed explanation-3: -Bhutan: Capital - Thimphu. Currency - Bhutanese ngultrum, Indian Rupee. National Sport - Archery.

Detailed explanation-4: -Tax Inspectors Without Borders (TIWB) initiative was launched in 2015. Its main aim is to strengthen developing countries’ auditing capacity. It is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).

Detailed explanation-5: -Tax Inspectors Without Borders (TIWB) is a joint initiative of the OECD and UNDP designed to support developing countries to build tax audit capacity. TIWB facilitates well-targeted, specialised tax audit assistance in developing countries around the world.