India has revamped how it exchanges tax information with other countries, effective July 1, tightening timelines and oversight to curb cross-border tax evasion. All foreign tax requests will be treated as high priority, with information shared within 15 days when available. If not, officers must file an interim report within the same period, outlining progress and next steps. Outbound requests will face closer scrutiny and monthly tracking to reduce delays and improve treaty-based compliance, alongside preparations for crypto data sharing from April 1, 2027.
The OECD expects the Bank of Japan to lift interest rates to around 2% by late 2027, signaling a break from decades of low inflation. The forecast points to improving wages and consumer demand that can support gradual borrowing cost hikes, alongside a likely reduction in bond purchases. If realized, it marks a major shift in Japan’s monetary era.
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G7 ministers urged an “ambitious review” of the OECD’s Development Assistance Committee rules, aiming to better incorporate private capital and non-traditional financing. The push is meant to simplify development architecture, lower administrative costs, and improve efficiency. A key shift could recognize vulnerability beyond per capita income, potentially widening support for countries including India.
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