BRICS should collaborate on transfer pricing to ease developing nations' tax burden: FM

Finance Minister Nirmala Sitharaman has urged BRICS nations to strengthen collaboration on international taxation matters. She proposed setting up working groups to tackle transfer pricing disputes, which disproportionately impact developing countries.

Sitharaman emphasized that coordinated efforts among BRICS members can help shape future cross-border taxation rules through multilateral negotiations. Revenue Secretary Arvind Shrivastava underscored the value of pooling collective expertise in these discussions to address systemic challenges in global tax frameworks.