Watch! Finance Minister Nirmala Sitharaman’s Big MSG on BRICS economies at Tax heads meeting

Sep 23, 2026

New Delhi : September 23: ANI: Finance Minister Nirmala Sitharaman on Wednesday said decisions taken in ongoing multilateral tax negotiations over the next few years would shape cross-border taxation for a generation, stressing that BRICS economies must ensure their perspectives are reflected in the emerging global tax framework. Addressing the BRICS Tax Heads Meeting in New Delhi, Sitharaman said the rules of international taxation were being renegotiated through several multilateral processes, including the UN Framework Convention on International Tax Cooperation. "The decisions made in these processes over the next few years will shape cross-border taxation for a generation," she said. Sitharaman said BRICS economies, as source jurisdictions and large developing economies that have built significant domestic tax capacity from a low base, had an important perspective to bring to these negotiations. "BRICS economies as source jurisdictions, as large developing economies, as countries that have built significant domestic tax capacity from a low base have a perspective on those negotiations and that is essential to their fairness and their durability," she said. The Finance Minister said the cooperation among BRICS tax administrations was aimed at creating institutions and tools that would continue beyond India's current chairship.