<h1>Finance Minister Advocates for Global Reporting Standards to Tackle Tax Evasion at Commonwealth Meeting in Lima.</h1> The Finance Minister highlighted the importance of global implementation of common reporting standards for the Automatic Exchange of Information to combat international tax evasion and avoidance. Speaking at the 49th Annual Commonwealth Finance Ministers Meeting in Lima, he supported the OECD's efforts on the Base Erosion and Profit Shifting (BEPS) Project and the Automatic Exchange of Information. He stressed the need for these standards to be applied reciprocally worldwide, noting India's benefit from these systems in obtaining crucial tax evasion data. The meeting also addressed infrastructure financing and trade financing for small states.