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India opposes global plan to make tax arbitration binding in G-20 in Australia

During G-20 meeting of Finance Ministers ,in Australia ,  our Finance Minister of State Mrs Nirmala Sitharaman, categorically opposed an international proposal to make arbitration binding and mandatory in tax treaties . Since, it will otherwise effect sovereign rights of India. It was emphasised ,in G-20 meet ,that under the mutual agreement procedure (MAP) for…