BRICS Countries Reaffirm Commitment to BEPS Measures and Information Exchange

On 6 December 2016, India's Ministry of Finance published a joint communiqué issued at the end of the two-day meeting of officials from the BRICS countries (Brazil, Russia, India, China, and South Africa). The joint communiqué reaffirms the BRICS countries' commitment to:

• The measures included in the various Actions of the BEPS Project and in particular the four minimum standards: Countering harmful tax practices (IP regimes/tax rulings exchange) (Action 5); Preventing treaty abuse (Action 6…