All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Global Tax 50 2015: Monica Bhatia

Head of secretariat, OECD Global Forum on Transparency and Exchange of Information for Tax Purposes

Monica Bhatia

Monica Bhatia was also in the Global Tax 50 2014, and 2013

Monica Bhatia makes the Global Tax 50 for the third time running, having now led the secretariat of OECD Global Forum on Transparency and Exchange of Information for Tax Purposes for almost four years.

The French-based tax expert has an array of skills, having been trained in psychology, economics, law and finance. She has held posts as a commissioner in the Indian Income Tax Department, and in the Indian government as the director of tax policy and legislation, director of foreign tax and tax research and as an additional director of income tax, international taxation, before moving to Paris and the OECD in 2012.

"2015 has been another incredibly demanding – and rewarding – year at the Global Forum," says Bhatia. "Our global reach is increasing. Not only is our membership continuing to expand and more jurisdictions are joining the Multilateral Convention on Mutual Administrative Assistance, but the depth of our engagement with our members is enhancing."

The Global Forum is used by countries both within and outside of the OECD to increase transparency, working on money laundering and offshore issues as well as tax. Indeed, Bhatia and Pascal Saint-Amans joined together to criticise the European Commission's publication of a list of 30 non-cooperative jurisdictions blacklisted by EU member states.

Much of the Forum's work this year has focused on engaging more deeply with its members. This work has involved, in particular, helping countries to implement international standards, with one example of its influence and success being the spread of automatic exchange of information (AEoI).

The impact of the Forum's work is becoming more and more visible as more countries commit to AEoI and implement global standards, and it has also made inroads into the developing world to expand its work with countries there.

"In particular, I am extremely proud of the role of the Global Forum in the Addis Ababa Third International Conference on Financing for Development, which put tax transparency centre stage for the next decade of work on international development," says Bhatia, who also points out the Forum's work in battling to maintain a position of influence in the area of tax transparency at a time of great – and rapid – change.

"We also saw some challenges which appeared to cast a shadow on the remarkable progress made by many of our members on the agenda of tax transparency and moved swiftly to ensure that the Global Forum's work retains its pre-eminence in the assessment of progress on international standards on transparency and exchange of information for tax purposes," she says.

All of this was achieved alongside Bhatia's regular workload, which included the completion of 41 peer reviews during 2015, while a framework for a new round of reviews has also been established.

The Global Tax 50 2015

View the full list and introduction

The top 10 • Ranked in order of influence

1. Margrethe Vestager

2. Pascal Saint-Amans

3. Wang Jun

4. Arun Jaitley

5. Marissa Mayer

6. Will Morris

7. Ian Read

8. Pierre Moscovici

9. Donato Raponi

10. Global Alliance for Tax Justice

The remaining 40 • In alphabetic order

Brigitte Alepin

Andrus Ansip

Tamara Ashford

Mohammed Amine Baina

Piet Battiau

Elise Bean

Monica Bhatia

David Bradbury

Winnie Byanyima

Mauricio Cardenas

Allison Christians

Rita de la Feria

Marlies de Ruiter

Judith Freedman

Meg Hillier

Vanessa Houlder

Kim Jacinto-Henares

Eva Joly

Chris Jordan

Jean-Claude Juncker

Alain Lamassoure

Juliane Kokott

Armando Lara Yaffar

Liao Tizhong

Paige Marvel

Angela Merkel

Zach Mider

Richard Murphy

George Osborne

Achim Pross

Akhilesh Ranjan

Alan Robertson

Paul Ryan

Tove Maria Ryding

Magdalena Sepulveda Carmona

Lee Sheppard

Parthasarathi Shome

Robert Stack

Mike Williams

Ya-wen Yang

more across site & bottom lb ros

More from across our site

Companies in the UAE can prepare for a corporate tax regime in 2023, while the Trump Organization was found guilty of 17 counts of tax fraud.
The companies have criticised proposals for the gig economy, while the UK and EU VAT gaps have fallen in percentage terms, and ITR speaks to a European Commission adviser about its VAT reforms.
Corporations risk creating administrative obstacles if the pillar two rule is implemented too soon, sources say.
Important dates for the Women in Business Law Awards 2023
The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty.
Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.