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Have toolbox to deal with tax havens: FM

The government said it has enough tools to deal with transactions arising from non-cooperative jurisdictions.



New Delhi: Under pressure from civil society to take concrete action on black money, the government Monday said it has enough tools to deal with transactions arising from non-cooperative jurisdictions and would take action as and when necessary.

"We have developed a toolbox... We have enabled ourselves to declare (tax havens) as non-cooperating jurisdiction and countries as and when the situation arises. We will take appropriate steps," Finance Minister Pranab Mukherjee told reporters.

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