Can Tax Regime Help Counter Corruption in India?
Anita Kapur, Member – Competition Appellate Tribunal, delivered Central Vigilance Commission (CVC) lecture on the topic “Tax Regime for countering Corruption” in Delhi today. This was the 18th lecture of the “Lecture Series” organised by the CVC.
In her address, Ms. Kapur drew attention to the relationship between transparency, development, and corruption in various countries.
The provisions of various international tax agreements as well as the United Nations Convention Against Corruption (UNCAC) were explained and implications for tax enforcement as well as the concerns of investigative agencies other than tax authorities were explained.
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The broader shift from request based sharing of information between countries to automatic exchange of information in respect of financial transactions was highlighted in the lecture. The address was followed by a question and answer session with the audience.
Speaking on the occasion, the Central Vigilance Commissioner K. V. Chowdary said that corruption and black money are affecting a large number of people in the country.
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Mr. Chowdary said with an amendment to the Prevention of Money-Laundering Act, the CVC has been empowered, since 2015, as a Notified Authority to receive information relating to suspicious transactions.
Vigilance Commissioner Dr. T. M. Bhasin, besides Chief Vigilance Officers (CVOs) of government departments based in Delhi and senior officers of the CBI and Enforcement Directorate also participated.
Photo courtesy: Press Information Bureau
