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A lot of Indian black money (especially politicians) is somehow routed back to India via Mauritius. Tbh i do not understand how such things work and it is anec
by newyankee 7y ago
A lot of Indian black money (especially politicians) is somehow routed back to India via Mauritius.
Tbh i do not understand how such things work and it is anecdotal.
I do know that Mauritius has always been one of the top source of Foreign direct investment for India and i think some preferable treaties help them.
- sremani 7y agoA quick search resulted in the following. ________________________________________________________ The tax treaty between India and Mauritius was signed in 1982 in keeping with India's strategic interests in the Indian Ocean and India's close cultural links with Mauritius. The treaty provides for a capital gains tax exemption to a Mauritius resident on transfer of Indian securities.
- JumpCrisscross 7y ago> A lot of Indian black money (especially politicians) is somehow routed back to India via Mauritius The black money hides amidst legitimate flows. Mauritian courts are generally well run, at least in comparison to Indian courts. (The tax code is also much simpler.) Foreign investors into India will thus set up a Mauritian entity through which they'll invest under Mauritian law. This is similar to e.g. FDI into China often flowing through Hong Kong or investments into e.g. Wyoming routing through a Delaware entity.