Have toolbox to deal with tax havens: FM

The government said it has enough tools to deal with transactions arising from non-cooperative jurisdictions.

New Delhi: Under pressure from civil society to take concrete action on black money, the government Monday said it has enough tools to deal with transactions arising from non-cooperative jurisdictions and would take action as and when necessary.

"We have developed a toolbox... We have enabled ourselves to declare (tax havens) as non-cooperating jurisdiction and countries as and when the situation arises. We will take appropriate steps," Finance Minister Pranab Mukherjee told reporters.

To Read Full Story on Zeebiz – Click Here»»

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.