India: Post Vodafone verdict, government to clamp down on Mauritius deals

The Economic Times:

Rattled by its defeat in a $2.2-billion tax dispute with Britain's Vodafone Group, the government is examining the possibility of scrapping a rule that makes it incumbent upon India's tax authority to recognise so-called the tax residency certificates (TRCs) issued by the Mauritius tax office. The TRC is considered to be proof that an investor is a resident of Mauritius and thus entitled not to pay capital gains tax under the Indo-Mauritius tax treaty.