In line with the international movement towards more transparency and exchange of information, Mauritius has been constantly implementing steps to enhance its legal and regulatory....
CEO's Editorial Nikhil Treebhoohun (CEO) Global Finance Mauritius
Wind of change in India
The change was expected – but the extent of the change took many by surprise. Will it impact Mauritius?
We certainly hope so – at least for the financial services sector. There has been too much ambiguity and uncertainty instilled by the previous government who, while making the right noises about a win-win solution to the DTAA issue, dragged on the negotiations and even openly said that Mauritius should not be the preferred route for investment into India! The prevention of round tripping came up as a leitmotiv to explain their decision to review the treaty. However, apart from posting a CBDT officer in Port Louis, nothing apparent was done in India.
On July 19, members of Global Finance Mauritius had the privilege of interacting with Philip Baker, renowned jurist in the international finance field and who had advised Mauritius on its Income Tax Act some twenty years ago.
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