Mumbai :  Long accused of being a route for avoiding taxes for foreign investments into India, Mauritius says it has put additional safeguards in place to thwart such wrong perceptions, reports PTI.

Mauritius’ integrated financial sector regulator FSC has put in place ‘greater substance requirements’ for global business companies operating from its jurisdiction to ensure their substantial presence there, and not just a ‘proxy address’ to benefit from tax treaties with India and other nations.

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