June 15, 2011 6:18 PM

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India, OECD agree to strengthen coop. in cross border taxation issues

India and Organisation for Economic Cooperation and Development (OECD) have agreed to strengthen cooperation in cross border taxation issues, a Finance Ministry statement said today. The cooperation with OECD comes at a time when India is grappling with issues of tax evasion and blackmoney stashed in off shore accounts. Indian government has adopted a five-fold strategy to tackle the menace of illicit funds which include joining the global crusade against blackmoney and creating appropriate legislative framework.

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