New Delhi, Dec. 2 -- Union Finance Minister Nirmala Sitharaman on Tuesday called for joint action by countries to deal with the taxation challenges arising from digitalisation of the economy, the emergence of new financial products, and evolving structures of beneficial ownership.

Speaking at the 18th Global Forum Plenary Meeting in New Delhi, the Minister said, "The digitalisation of the economy, the emergence of new financial products, and evolving structures of beneficial ownership require continued cooperation between jurisdictions.

Hosted by international body OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, the Plenary Meeting focuses on tax transparency through international cooperation.

Sitharaman...