Unpredictable Business

April 13, 2012

Attacking tax havens is a cover to introduce the draconian GAAR

A friend of mine tells me that the India-Mauritius treaty was signed in order to encourage Indian businesses to invest in Mauritius, not vice versa. Once it was signed, clever lawyers and accountants noticed that the fine print allowed companies from Mauritius to invest in India and pay no taxes on income generated from India in any of the usual forms like dividends or capital gains.

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