US, India to cooperate on checking tax evasion, terror funding

April 15, 2016 18:42

India and the US have agreed to enhance cooperation on tackling offshore tax evasion through information sharing and joint audits, while intensifying efforts to combat money laundering and terror financing.

Finance Minister Arun Jaitley, on the second day of his 7-day visit to US, met US Treasury Secretary Jacob J. Lew for the Sixth Annual US-India Economic and Financial Partnership here yesterday and agreed to a dialogue by competent authorities on the two sides to raise engagement on tackling tax evasion.

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