A publication in the Economic Times has caused much debate in India since after blacklisting Cyprus for not sharing information on tax evaders, India is now looking to take away the favourable tax treatment available to investors from the European tax heaven under the bilateral tax treaty between the two countries.
Read full articleCyprus was one of the 51 countries, which, on October 21, 2014, subscribed to the multiparty agreement on the automatic exchange of financial data aiming at clamping down on tax evasion, tax avoidance and safeguarding transparency at an Organisation of Economic Cooperation and Development meeting in Berlin, the finance ministry said.
Read full article