India on the verge of bilateral tax deals with UK, US, and Japan
India is on the verge of signing bilateral tax agreements with the US, UK, and Japan, according to The Financial Express. In what is seen as a softening stance on 29 multinational companies’ tax disclosure liabilities, India is supposedly set to sign multiple agreements meant to avoid double taxation on multiple companies. The news comes amid revelations the country is waiting for responses from Mauritius about revising its double taxation avoidance agreement, which is often blamed for enabling shell company tax avoidance.