The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Finance Minister Nirmala Sitharaman called on BRICS countries to influence the ongoing renegotiation of global cross-border tax frameworks.
- She emphasized that international transfer pricing disputes place an unfair burden on developing nations.
- The Indian government proposed the establishment of two new working groups focused on international taxation and revenue statistics.
- These efforts aim to reflect the fiscal realities and shared experiences of developing economies in future tax policies.
What to watch next
- Formation of the proposed BRICS working groups on international taxation and transfer pricing
- Progress on the UN Framework Convention on International Tax Cooperation
Who said what2
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Nirmala Sitharaman
Union finance minister
2 quotes · 1 outlet
“Several multilateral tax negotiations, including the UN Framework Convention on International Tax Cooperation, are currently underway and decisions taken in the coming years could determine the direction of international taxation for a generation”
In the article
…in international taxation, saying global transfer pricing disputes ‘disproportionately’ burden developing countries. The minister's statement comes during her address at the BRICS tax Heads' Meeting 2026 here. “ Several multilateral tax negotiations, including the UN Framework Convention on International Tax Cooperation, are currently underway and decisions taken in the coming years could determine the direction of international taxation for a generation ,” Sitharaman said. The finance minister also said that the government has proposed to set up two new working groups, international taxation and transfer pricing and revenue statistics, at a time when international tax…
“Transfer pricing disputes cost developing-country administrations disproportionately. Revenue frameworks that don't fit our fiscal realities distort how we are seen and how we see ourselves”
In the article
…Accordingly, differences in the allocation of taxable income among countries can give rise to disputes between taxpayers and tax authorities, as well as between tax authorities in different jurisdictions. “ Transfer pricing disputes cost developing-country administrations disproportionately. Revenue frameworks that don't fit our fiscal realities distort how we are seen and how we see ourselves ,” the finance minister said, adding that the BRICS working groups will work based on common experience from all the member countries. She further said that the proposed working group would have larger significance in…
Coverage1
All filed from India
Named India · BRICS · Nirmala Sitharaman · United Nations
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