Mauritius to provide India automatic exchange of tax information

In a step taken to address India’s concerns about Mauritius being used for money laundering activities, the island nation has decided to provide automatic exchange of tax related information with India. India and Mauritius have also agreed upon to have ..

Month: Current Affairs - May, 2014

Category: Awards, Honours & Persons in News

Singapore replaces Mauritius as the top source of FDI in India

As per the data of the Department of Industrial Policy and Promotion (DIPP), during the financial year 2013-14, India received $5.98 billion in FDI from Singapore, whereas it was $4.85 billion from Mauritius. With this, Singapore has replaced Mauritius as ..

Month: Current Affairs - May, 2014

“LOB” Clause agreed between India and Mauritius

Mauritius and India agreed on the principle of including a Limitation Of Benefit (LOB) or anti-treaty shopping law clause in the revised tax treaty to ring-fence its jurisdiction from any attempts of round-tripping and money laundering activities. The LOB clause limits ..