Mauritius's Financial Services Commission (FSC) has spoken out after an Oxfam policy paper gave the jurisdiction a tax haven label, which the Financial Services Promotion Agency (FSPA) has also publically repudiated.
Mauritius's Financial Services Commission (FSC) has spoken out after an Oxfam policy paper gave the jurisdiction a tax haven label, which the Financial Services Promotion Agency (FSPA) has also publically repudiated.
Finally, after many years of discussions, India has decided to change its double-taxation treaty (DTT) laws with the Republic of Mauritius.
As the outlook for Mauritius growth deteriorates, the Indian Ocean island has decided to cut its benchmark interest rate.
On Tuesday the Prime Minister released a statement confirming that no money laundering is taking place through his jurisdiction, and they are providing India all the information sought.
The formerly agricultural based economy of Mauritius is now competitive in tourism, financial services and industrial infrastructures, with an average minimum annual GDP growth of 3%.
The island’s Finance Minister wishes to boost growth in Mauritius and qualify it as a high-income state by the year 2020, following pressure to shift from its current “tax haven” economy status.
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