Mauritius is definitely a tax haven in the eyes of India. The Director of Central Bureau of Investigation (CBI), Amarre Pratap Singh, revealed this Monday, Feb. 13 that nearly $ 500 billion, equivalent to Rs 15 000 billion, were filed by citizens of the Great Peninsula in Island and other tax havens.
In an article published in the Times of India, Amarre Pratap Singh said that Mauritius is located in the same boat as the British Virgin Islands, Liechtenstein and Switzerland. He was speaking at the launch of a training session provided by Interpol on the fight against corruption and asset recovery.
Known for his agency investigate the biggest corruption cases involving politicians and tax evasion, Amarre Pratap Singh said that Indians are by far the largest repositories of money abroad. He emphasized that this type of information takes time to be collected because investigators must submit requests for letters rogatory for every detail they would have noticed.
" 53% of the least corrupt according to Transparency International's index are tax havens where the money is stashed.There are New Zealand which is the least corrupt country in the world, Singapore occupies the 5th place and Switzerland who is in 7th place , "says the boss of the CBI.
It drives the point home by stating that there is insufficient political will on the part of those States to relay information because they know full well what is the extent of the flow of illicit capital of the poorest countries that were injected in their economies.
His remarks came at a time when Maurice decided to review the agreements on non-double taxation sharply criticized in the Great Peninsula. Some businessmen have found the scam to pay nothing in taxes through certain Indian transactions.