India, Switzerland discuss tax challenges arising out of digitalization of economy
India and Switzerland enjoy cordial and friendly relations based on shared values of democracy and rule of law
India and Switzerland held the fourth financial dialogue through video conferencing on Tuesday and discussed the importance of coordinated bilateral action on clean and resilient supply chains post Covid-19 world.
According to the Ministry of Finance, during the dialogue, both sides covered sharing of experiences by both countries for collaboration on various aspects including investments, International Financial Services Centre Authority (IFSCA), National Investment and Infrastructure Fund (NIIF), FinTech, sustainable finance and cross border financial services.
Matters pertaining to G20, IMF and tax challenges arising from the digitalisation of the economy were also discussed along with infrastructure financing.
As per the Ministry, both the countries shared views and perspectives on their respective countries and global economic scenario.
While the Indian side was led by Ajay Seth, Secretary Economic Affairs and representatives of the Department of Revenue, the Department of Financial Services of the Ministry of External Affairs, the Swiss side was led by Daniela Stoffel, State Secretary, State Secretariat for the country’s International Finance.
The dialogue concluded on a positive note for a sustained future collaboration between both countries in the areas of mutual interest.
India and Switzerland enjoy cordial and friendly relations based on shared values of democracy and rule of law.
India’s policy of non-alignment and Switzerland’s traditional policy of neutrality has led to a close understanding between the two countries.
Both the countries have several bilateral dialogue mechanisms in place and the financial Dialogue remains amongst the most important.