New Delhi: Finance Minister Pranab Mukherjee, who is on a three-day visit to Paris, has emphasised on the need for exchanging past banking information among partner countries in order to tackle the menace of black money.
Mr Mukherjee said tax evasion and illicit flows have posed serious challenges to the world economy and the efforts of the countries to raise revenue for development.
“We need to start exchanging information automatically for improving tax compliance with partner countries on a voluntary basis and then urging other countries also to do so,” he said. (UNI)
