Mongolian President pushes for  repatriation of offshore funds - News.MN

Mongolian President pushes for  repatriation of offshore funds

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Old News! Published on: 2017.08.04

Mongolian President pushes for  repatriation of offshore funds

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Mongolian President Kh.Battulga has urged the Ministry of Finance to cooperate with international organisations in order to solve the offshore account issue. As we have reported, many Mongolian politicians have deposited considerable sums of money in offshore accounts. The President is pushing hard for the repatriation of the offshore funds as a means of decreasing debt distress. 

Mongolia plans to become member of the Global Forum of Transparency and Exchange of Information for Tax Purposes under the Organisation for Economic Co-operation and Development (OECD) and to cooperate in base erosion and profit shifting counter-measures.

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