Fiji Current Affairs - 2019
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The European Union has expanded its tax haven blacklist by including 10 countries. The list now has 15 countries. The list was first drawn up by EU in 2017 in the wake of several scandals, including the Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and the rich.
Expansion of the List
- Seven countries Aruba, Belize, Bermuda, Fiji, Oman, Vanuatu and Dominica were moved from greylist to blacklist due to their inability towards reform commitments.
- Three other countries added into the list are Barbados, the United Arab Emirates and the Marshall Islands.
EU list of Tax Blacklist or Tax Havens
Tax Havens provide taxpayers with opportunities for tax avoidance, while their secrecy and opacity also serve to hide the origin of the proceeds of illegal and criminal activities. Features of these Tax Havens include low or zero taxation, fictitious residences (with no bearing on reality) and tax secrecy.
EU initiated the naming and shaming tactics through Tax blacklist or Tax havens as a tool for securing a level playing field and as an external strategy for effective taxation by assessing, screening and listing third-country tax jurisdictions which are non-cooperative in tax matters.
Tags: Aruba • Barbados • Belize • Bermuda • Dominica • EU • European Union • Fiji • LuxLeaks • Marshall Islands • Oman • Panama Papers • Tax Blacklist • Tax Havens • United Arab Emirates (UAE) • Vanuatu
Know India Programme (KIP) is a flagship initiative for Diaspora engagement. The programme aims to familiarize Indian-origin youth (18-30 years) with their Indian roots and contemporary India.
Features of the Programme
The important features of the Know India Programme are:
- Know India Programme is a three-week orientation programme for diaspora youth.
- The programme aims to promote awareness on different facets of life in India and the progress made by the country in various fields e.g. economic, industrial, education, science & technology, communication & information Technology and culture.
- The programme provides a unique forum for students & young professionals of Indian origin to visit India, share their views, expectations & experiences and to develop closer bonds with contemporary India.
- The programme has been in existence since 2003 and is open to PIO youth from all over the world.
- The programme is open to youth of Indian origin (excluding non-resident Indians) with preference to those from Girmitiya countries (Mauritius, Fiji, Suriname, Guyana, T&T, Jamaica etc).
- The programme mandates a minimum qualification of graduation or being enrolled for graduation to be part of the scheme.
The programme incorporates following aspects to familiarise Youths about Indian Society and culture:
- Understanding of India’s political system, economy, society, and developments in various sectors etc.
- Visiting places of historical, cultural, religious importance.
- Familiarisation with art, music and culture of India.
- Visiting industrial sites.
- Visiting a village.
- Interaction with non-profit organizations.
- Meetings with senior leadership/officials in India.
- Visiting a select state in India for 10 days.
The Ministry of External Affairs implements the programme in association with the chosen partner state.