{
  "id": 9336976,
  "title": "India Proposes New BRICS Tax Groups As Sitharaman Calls For Stronger Voice In Global Tax Rule Talks",
  "url": "https://urgent.news/2026/09/23/india-proposes-new-brics-tax-groups-as-sitharaman-calls-for-stronger",
  "topic": "world",
  "section": "World",
  "published": "2026-09-23T12:26:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/india-proposes-new-brics-tax-groups-as-sitharaman-calls-for-stronger-voice-in-global-tax-rule-talks"
  },
  "original_language": "en",
  "account": "India's Finance Minister Nirmala Sitharaman has proposed the formation of new BRICS tax working groups, emphasizing the need for greater global participation in taxation rule discussions. During a meeting of BRICS tax heads in New Delhi, Sitharaman stressed the importance of decisions taken during the current negotiations, as they will impact cross-border taxation systems for years to come. The proposed UN Framework Convention on International Tax Cooperation is a key topic of discussion.\n\nSitharaman highlighted the valuable perspectives BRICS economies, as large developing nations with robust domestic tax systems, can contribute to the global debate on international taxation. India and China should regard each other as friends and opportunities, as mentioned by Qin Jie, China's Consul General in Mumbai, during a BRICS-related event.\n\nTwo working groups are being considered: one focused on international taxation and transfer pricing, and another on revenue statistics. These groups aim to establish long-term institutional mechanisms that will continue after India's BRICS chairmanship in 2026. The international taxation and transfer pricing group will facilitate the exchange of expertise on treaty interpretation, transfer pricing audits, advance pricing agreements, and multilateral tax negotiations.\n\nThe revenue statistics group will focus on developing methods to assess tax system performance, taking into account the economic realities of BRICS nations. Sitharaman explained that transfer pricing disputes disproportionately burden developing countries' administrations and that revenue frameworks not tailored to their specific system realities can distort their standing and perspectives.\n\nBRICS is expanding its tax cooperation initiatives, with plans to maintain these new mechanisms beyond India's term. China will assume the BRICS chairmanship in 2027. The BRICS Young Tax Professionals Programme is set to become an annual event at the National Academy of Direct Taxes in Nagpur. India has already introduced platforms like the Tax Collaboration Tool, Tax Knowledge Hub, and Cross-Learning Lab to enhance cooperation among tax administrations. Other ongoing initiatives include the VAT Modernisation Report and the HR Development Index, and the BRICS Tax Support Network is being established to facilitate knowledge sharing and improve ease of doing business among member countries.",
  "summary": "Finance Minister Nirmala Sitharaman on Wednesday said BRICS tax administrations need to increase their collective participation in the ongoing restructuring of global taxation rules. She said decisions taken during the current negotiations would influence cross-border taxation systems for years. “The rules of international taxation are being renegotiated,” Sitharaman said at a meeting of BRICS…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "Brics tax talks significant as global rules are renegotiated: Nirmala Sitharaman",
        "url": "https://urgent.news/2026/09/23/brics-tax-talks-significant-as-global-rules-are-renegotiated-nirmala",
        "published": "2026-09-23T12:09:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}