16 October 2015

Mauritius eyes Africa as pressure mounts on offshore business

  • Indian tax treaty propelled island's finance industry
  • New Delhi's demand for changes may hit business
  • Global pressure to stop firms tax "treaty shopping"
  • Mauritius eyes Africa to drive financial services
Concerned about the impact of tax havens, world powers are tightening the noose on multinationals seeking tax advantages and India wants changes to its tax treaty with Mauritius, forcing the island's new government to re-examine its business model and focus elsewhere.

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