BRICS should work together on transfer pricing as disputes burden developing nations: FM

Finance Minister Nirmala Sitharaman emphasized the need for BRICS nations to improve collaboration on international taxation. She proposed establishing working groups to address transfer pricing disputes, which affect developing countries disproportionately. This effort aims to shape future cross-border taxation rules through multilateral negotiations. Revenue Secretary Arvind Shrivastava highlighted the importance of collective experience in these deliberations.