A number of countries, including India, on Wednesday exchanged views and “explored” mechanisms for cooperation on the issue during a special meeting called by global economic body OECD on ‘Panama Papers’ disclosure here.
About 500 Indians, including prominent businessmen, film celebrities and those belonging to lucrative professions have figured in the list for holding offshore assets in the tax haven nation.
“Participants from a number of countries including members of the OECD and the G-20 exchanged views on the Panama Papers and explored mechanisms for cooperation as necessary.
“Follow up will be ensured by each tax administration in accordance with its own domestic laws and regulations as well as information sharing agreements that governments have in place between them. The discussions are confidential and the OECD is not privy to any taxpayer specific information,” the Secretariat of the OECD said in a statement here.