Archive · 3 Dec 2025
Sitharaman Calls for Global Tax Info Exchange
Finance Minister Nirmala Sitharaman spoke at a big meeting about taxes.
She said countries need to work together to share tax information quickly and fairly.
This is important because the world is becoming more digital, and new financial products are being created.
She also talked about using technology like artificial intelligence to help with this, but always with careful judgment and respect for rules.
She mentioned that India has been doing well with people voluntarily following tax rules because the system is fair and predictable.
The main idea is that when people and businesses pay their taxes properly, countries can be more stable and fair.
Finance Minister Nirmala Sitharaman emphasized the need for global cooperation in timely exchange of tax information to address challenges from digitalisation and new financial products.
She highlighted the importance of using technological tools like artificial intelligence, along with judgment, to ensure that exchanged tax information leads to measurable outcomes.
Sitharaman stressed the need for confidentiality and cybersecurity in the exchange of tax information, calling for joint attention and cooperation to new challenges.
She noted that transparency in tax matters is crucial for building a stronger and more equitable society, and that India's participation in global standards reflects its commitment to transparency.
The minister mentioned that India has seen improved voluntary compliance in tax systems over the last decade due to fairness and predictability, and that technology offers opportunities to process information efficiently.
- Who
- Finance Minister Nirmala Sitharaman
- What
- Called for timely global exchange of tax information
- When
- December 2, 2025
- Where
- 18th Global Forum Plenary meeting
- Why
- To address challenges from digitalisation and new financial products, ensuring fairness and public trust in tax systems
- Event
- 18th Global Forum Plenary meeting
- Speaker
- Finance Minister Nirmala Sitharaman
- Key Focus
- Timely exchange of tax information
- Challenges Highlighted
- Digitalisation, new financial products, beneficial ownership structures
- Tools Mentioned
- Artificial intelligence, technological tools
- Organisation
- Global Forum on Transparency and Exchange of Information for Tax Purposes
- Jurisdictions Involved
- 170
- Key Principles
- Fairness, sustainability, public trust, confidentiality, cybersecurity
Sources
Digitalisation, new financial products call for timely global tax info exchange: Sitharaman
Digitalisation, new financial products call for timely global tax info exchange: Sitharaman
Economic governance must rest on fairness and responsibility: FM Sitharaman
Digitalisation, new financial products call for timely global tax info exchange: Sitharaman
