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Consider the following statements regarding Tax Inspectors Without Borders (TIWB) program.
- Tax Inspectors Without Borders (TIWB) program, is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD).
- India has been selected as the Partner Administration.
- It will facilitate the transfer of tax audit knowledge and skillsto developing country tax administrations.
How many of the above statements is/are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Tax Inspectors Without Bor...
Statement 1 is incorrect.
- Tax Inspectors Without Borders (TIWB) program, a collaborative effort between the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), was recently launched in Saint Lucia.
- India has been selected as the Partner Administrationand will contribute Tax Experts to the 12-18-month initiative. This marks the seventh TIWB program supported by India through the provision of Tax Experts.
- Aim: The program’s focus is on the effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework. TIWB will facilitate the transfer of tax audit knowledge and skills to developing country tax administrations using a practical, “learning by doing” approach.
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Consider the following statements regarding Tax Inspectors Without Bor...
Explanation:
Statement Analysis:
- Statement 1: Tax Inspectors Without Borders (TIWB) program is indeed a collaborative effort between the World Bank and the Organisation for Economic Cooperation and Development (OECD), so this statement is correct.
- Statement 2: India has been selected as the Partner Administration for the TIWB program, which is also true.
- Statement 3: The main objective of the TIWB program is to facilitate the transfer of tax audit knowledge and skills to developing country tax administrations. This statement is accurate as well.
Therefore, only two of the above statements are correct.
This initiative aims to support developing countries in building their capacity to effectively tax multinational enterprises. The program pairs qualified tax officials from developed countries with their counterparts in developing countries to provide on-the-job training and advice.
The collaboration between the World Bank and the OECD ensures that the program benefits from the expertise and resources of both organizations. India's role as a Partner Administration highlights its commitment to supporting capacity-building efforts in the field of taxation globally.
Statement Analysis:
- Statement 1: Tax Inspectors Without Borders (TIWB) program is indeed a collaborative effort between the World Bank and the Organisation for Economic Cooperation and Development (OECD), so this statement is correct.
- Statement 2: India has been selected as the Partner Administration for the TIWB program, which is also true.
- Statement 3: The main objective of the TIWB program is to facilitate the transfer of tax audit knowledge and skills to developing country tax administrations. This statement is accurate as well.
Therefore, only two of the above statements are correct.
This initiative aims to support developing countries in building their capacity to effectively tax multinational enterprises. The program pairs qualified tax officials from developed countries with their counterparts in developing countries to provide on-the-job training and advice.
The collaboration between the World Bank and the OECD ensures that the program benefits from the expertise and resources of both organizations. India's role as a Partner Administration highlights its commitment to supporting capacity-building efforts in the field of taxation globally.
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Consider the following statements regarding Tax Inspectors Without Borders (TIWB) program. Tax Inspectors Without Borders (TIWB) program, is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD). India has been selected as the Partner Administration. It will facilitate the transfer of tax audit knowledge and skillsto developing country tax administrations.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding Tax Inspectors Without Borders (TIWB) program. Tax Inspectors Without Borders (TIWB) program, is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD). India has been selected as the Partner Administration. It will facilitate the transfer of tax audit knowledge and skillsto developing country tax administrations.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Tax Inspectors Without Borders (TIWB) program. Tax Inspectors Without Borders (TIWB) program, is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD). India has been selected as the Partner Administration. It will facilitate the transfer of tax audit knowledge and skillsto developing country tax administrations.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Tax Inspectors Without Borders (TIWB) program. Tax Inspectors Without Borders (TIWB) program, is a collaborative effort between World Bank and the Organisation for Economic Cooperation and Development (OECD). India has been selected as the Partner Administration. It will facilitate the transfer of tax audit knowledge and skillsto developing country tax administrations.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
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