Tax treaties cant be amended to drop confidentiality clause India cannot amend its Double Taxation Avoidance Agreements (DTAAs) to drop the confidentiality clause that has come into sharp focus after the government handed over a list of foreign bank account holders to the Supreme Court this week and failed to sign a multilateral agreement in Berlin on automatic exchange of information.“We cannot amend bilateral tax treaties unilaterally and the confidentiality clause cannot be removed even if there is a re-negotiation. The clause is put as per international standards,” a finance ministry official who did not wish to be identified told Business Standard. Read more at:
Posted on: Sun, 02 Nov 2014 07:56:34 +0000
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