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Mauritius will make it difficult for shell companies using a liberal and controversial bilateral tax treaty with New Delhi to evade taxes in India, the island nation’s finance minister, Seetanah Lutchmeenaraidoo, said on Friday.
The finance minister’s visit precedes dialogue between the two countries on June 29-30 to fine tune the treaty.
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“We want investors to come to Mauritius to add substance to what they do. We will refuse shell companies because they are of no use to us,” said Lutchmeenaraidoo.
Lutchmeenaraidoo, who met foreign minister Sushma Swaraj played down the issue of misuse of the India-Mauritius Double Taxation Avoidance Convention (DTAC).
With inputs from Financial Express
