New Delhi, Sept. 23 -- Finance Minister Nirmala Sitharaman on Wednesday said transfer pricing disputes "disproportionately" burden developing countries, as India advocated for setting up two new BRICS working groups dedicated to taxation.
Addressing a meeting of the BRICS heads of Tax authorities, Sitharaman said the meeting will look at the Scoping Documents for two new Working Groups -- on International Taxation and Transfer Pricing, and on Revenue Statistics.
"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. These Working Groups exist because every country in this room has experienced these probl...