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How India Was Affected By Mauritius Black Money Route | Paisa Live
Mauritius is a tax haven, meaning it has low tax rates. India and Mauritius have a specific agreement that allows companies to avoid double taxation. According to this agreement, companies are only required to pay taxes in one of the two countries, either India or Mauritius. As Mauritius has minimal tax rates, companies often choose to pay taxes there instead of in India. This arrangement can lead to significant tax savings for companies but can also result in revenue losses for India. By leveraging Mauritius’s favorable tax conditions, companies might reduce their overall tax liabilities, impacting India’s tax revenue. This situation highlights the complexities and potential downsides of international tax agreements and tax haven practices.
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