On Snuday, G20 leaders support India’s concerns over black money and tax avoidance, and promised to modernize global tax rules and begin automatic exchange of tax information by 2018-end. The Indian government called the outcome an “unprecedented success”.
On the second and final day of the G20 Summit here, Modi reiterated his call for close policy coordination among major economies, saying this was important not just for addressing the challenge of black money, but also to battle terrorism, drug trafficking and arms smuggling. Addressing a G20 session, “Delivering Global Economic Resilience”, the prime minister also voiced support for a new global automatic exchange of information, saying it would be instrumental in getting data about the unaccounted money stashed abroad and help bring it back.
