Tax Inspectors Without Borders (TIWB) : India-Bhutan
Source : Indian Express
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Content for Tax Inspectors Without Borders (TIWB) : India-Bhutan) Article
- About the Agreement
- Tax Inspectors Without Borders
- Indian And Bhutan
Why in News ?
Tax Inspectors Without Borders (TIWB) is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD) launched its programme in Bhutan.
- India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.
Key Facts
- Tax Inspectors Without Borders (TIWB) is a 24 months duration.
- India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration.
- It an be achieved by transferring technical know how and skills to its tax auditors.
- Also through sharing of best audit practices.
- The focus of the programme will be in the area of International Taxation and Transfer Pricing.
- This program can be considered as another important milestone to strengthen India-Bhutan cooperation.
Tax Inspectors Without Borders
- TIWB is a joint OECD/UNDP initiative that deploys qualified experts in developing countries across Africa, Asia, Eastern Europe, Latin America and the Caribbean.
- TIWB was launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.
- Aims to help build tax capacity in the areas of audit, criminal tax investigations and the effective use of automatically exchanged information.
- TIWB assistance has led to increased domestic resource mobilisation in some of the least developed countries in the world.
- It encourage businesses to uphold higher standards of responsible tax behaviour and avoid the reputational risks associated with aggressive tax planning.
India and Bhutan
- The border is 699 km long.
- Bhutan shares border with the Indian states of Assam (267 km), Arunachal Pradesh (217 km), West Bengal (183 km) and Sikkim (32 km; 20 m).
- India and Bhutan share uniquely warm and special relations founded on mutual trust and understanding.
- The India-Bhutan Friendship Treaty signed and ratified by the two countries in 2007 forms the basic framework of our relations.
- India and Bhutan share a common perception of their strategic interests and cooperate closely on security issues and border management.
- India is Bhutan’s largest trade and development partner and source of supplies of most of the essential commodities imported by Bhutan.
- Development of hydropower in Bhutan has been the centre-piece of the bilateral cooperation.
- India supporting Bhutan to prepares its people for the information technology age, it is reaching out beyond its traditional sectors of agriculture and hydropower.
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