Mauritius tax haven over, foreign investment could be hurt: PwC
By Prashant R Nair | Published On: March 26, 2012 09:40 (IST) | Duration: 9 min, 40 sec
With the introduction of the GAAR, or General anti-avoidance rule in the Budget, Mauritius as a tax haven could be over, feels Rahul Garg, leader of direct tax practice at PricewaterhouseCoopers, a consulting firm. "GAAR specifically over-rides treaty transactions. Large foreign institutional investors have been thinking and planning for this situation," Garg said.