1. Nod to pact with Seychelles

Nod to pact with Seychelles

The cabinet on Thursday approved the signing and ratification of an agreement between India and the Seychelles for exchange of information to curb tax evasion and avoidance.

By: | New Delhi | Published: August 21, 2015 12:46 AM

The cabinet on Thursday approved the signing and ratification of an agreement between India and the Seychelles for exchange of information to curb tax evasion and avoidance.

The proposed pact with the Seychelles, known as a tax haven of choice for many, is part of the government’s efforts to enter into such agreements with individual nations and global bodies to recover black money stashed abroad and prosecute tax evaders.

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