Dr Rama Sithanen wrote an interesting article on lexpress.mu regarding Mauritius: not a tax haven but competitive and attractive cross-border investment platform.
In the article he says “The debate on the role and contribution of the International Financial Centre (IFC) of Mauritius is spiralling in acrimony unnecessarily. As long as the discussion is evidence-based, facts-driven and issues-embedded, it should be possible to have an informed and a civilised exchange even if there is disagreement on the subject. I honestly see no alternative than to rely on the assessment of global recognised standard-setting institutions to ascertain what Mauritius is and is not”.
He goes on to discuss five important issues. Firstly, he asks the question if the agenda is a fig leaf?. Secondly, he comments on the vigorous vindication of the three very revealing disclaimers of the ICIJ. Furthermore, he makes the point that 3% corporate tax must be higher than zero tax. Fourthly, he explains that companies do pay corporate taxes in African countries. Lastly, he discuss the robust and detailed assessment of the OECD.
He concludes that Mauritius is not a tax haven quoting the Deputy Director of the International Monetary Fund who categorically stated that “Mauritius is not a tax haven. It is on the white list of the OECD”. Nor has the EU characterised Mauritius as a tax haven. Nor have other leading globally recognised standard setting institutions such as the World Bank and the Financial Action Task Force labelled Mauritius a tax haven.
Please click HERE to read the full article.
Source: Dr Rama Sithanen, lexpress.mu