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Mauritius no longer on European Union (EU) blacklist |
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The EU recently carried out a review of the consolidated version its Member States' lists of third countries for tax purposes, as referenced in the Action Plan for Fair and Effective Taxation, and Mauritius no longer appears in it. This was also confirmed by the Minister of Finance and Economic Development, Mr. Vishnu Lutchmeenaraidoo, in a press conference delivered on 14 October 2015.
Earlier this year, the EU had red-flagged 30 non-cooperative tax jurisdictions including Mauritius, based on its Member States' independent national blacklists. This caused a stir at national level and prompted the Minister to write a letter expressing the government’s utter disappointment to Pierre Moscovici, the European Financial Commissioner. |
| Mauritius ranks in the Top 10 African countries of the Future 2015/2016 |
| | A recent study carried out by the fDi Intelligence division of the Financial Times, showed that Mauritius remains among the most promising countries in the African continent. While South Africa topped the overall ranking, Mauritius occupies the 4th position ahead of Kenya, Seychelles and Botswana.
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| BOI – opening of offices in other continents |
| | | In a press statement made to Reuters, the managing director of the Board of Investment (BOI) has reiterated BOI’s intention of opening representative offices across the globe. In fact, the BOI expects to open an office in Johannesburg, South Africa in November 2015.
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| | DISCLAIMER The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.
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