https://www.taxtmi.com/news?id=16383 Measures to address undisclosed foreign assets combine a specialised statute, strengthened enforcement and asset confiscation powers, and enhanced international information exchange. Institutional steps include multi agency investigation teams, capacity building and IT based data mining, renegotiation and expansion of DTAAs/TIEAs to international standards, participation in the Multilateral Competent Authority Agreement for Automatic Exchange of Information and FATCA arrangements to obtain foreign financial account information for enforcement and recovery. en-us Wed, 20 Jul 2016 09:53:13 +0530 Wed, 20 Jul 2016 09:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16383 Measures to address undisclosed foreign assets combine a specialised statute, strengthened enforcement and asset confiscation powers, and enhanced international information exchange. Institutional steps include multi agency investigation teams, capacity building and IT based data mining, renegotiation and expansion of DTAAs/TIEAs to international standards, participation in the Multilateral Competent Authority Agreement for Automatic Exchange of Information and FATCA arrangements to obtain foreign financial account information for enforcement and recovery. News - Wed, 20 Jul 2016 09:53:13 +0530 https://www.taxtmi.com/news?id=16383