Mauritius claims it’s ready with tax info exchange agreement
8 July 2013 10:02 PM GMT
Committing to walk extra mile to sort out taxation issues, Mauritius on Sunday said that it was ready with the Tax Information Exchange Agreement (TIEA) and was awaiting response from India.
On black money routed into India, Mauritius Minister of Foreign Affairs (Regional Integration and International Trade) Arvin Boolell said the island nation would plug all loopholes and put in place all necessary checks and balances.
'When it comes to disclosure of information, we have made it almost mandatory. Our finance minister is looking forward to travel to India to strengthen exchange of information to sign TIEA. Text has been finalised to this effect. TIEA is ready to be signed,' Boolell said.
He said Mauritius is going to 'rest fears from all quarters' that black money is routed through the nation.
'Whatever loopholes are to be plugged ... We are willing to plug them. We are (a) jurisdiction which has put in place all necessary precautions, all necessary checks and balances...,' he said.
On amending the double taxation avoidance agreement between the two nations, Boolell said Mauritius is waiting for India to finalise the date for the next meeting of the Joint Working Group.
'We are willing partners and we are willing to walk the extra mile... that extra mile is in respect of alleged contentious issues... We are going to address them.We all want certainty and this is the purpose of this meeting of the joint working group,' he said.
On black money routed into India, Mauritius Minister of Foreign Affairs (Regional Integration and International Trade) Arvin Boolell said the island nation would plug all loopholes and put in place all necessary checks and balances.
'When it comes to disclosure of information, we have made it almost mandatory. Our finance minister is looking forward to travel to India to strengthen exchange of information to sign TIEA. Text has been finalised to this effect. TIEA is ready to be signed,' Boolell said.
He said Mauritius is going to 'rest fears from all quarters' that black money is routed through the nation.
'Whatever loopholes are to be plugged ... We are willing to plug them. We are (a) jurisdiction which has put in place all necessary precautions, all necessary checks and balances...,' he said.
On amending the double taxation avoidance agreement between the two nations, Boolell said Mauritius is waiting for India to finalise the date for the next meeting of the Joint Working Group.
'We are willing partners and we are willing to walk the extra mile... that extra mile is in respect of alleged contentious issues... We are going to address them.We all want certainty and this is the purpose of this meeting of the joint working group,' he said.
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