Financial Transparency Coalition

Taking advantage of the Paris-based Organization for Economic Cooperation and Development’s sanction threats against tax havens, the Indian government is taking a hard look at the country’s plethora of Double Taxation Avoidance Agreements. But laying a hand on the enormous amount of the country’s illegal or black money stashed abroad may be easier said than done.

The Tax Justice Network is launching a new project on transfer pricing and mispricing. This is an issue of paramount importance: estimates by Global Financial Integrity, Christian Aid and others show that hundreds of billions of dollars are estimated to be shifted out of developing countries each year by this method alone. It is also a major problem for developed countries, as multinationals use transfer mispricing to shift income to low tax or no tax jurisdictions.

This major new project will be led by some of...