Mauritius commits to avoiding ‘harmful’ tax features

The Mauritius regulator and government say they are committed to ‘international best practice’, following their evident satisfaction at not being on the European Council’s so-called blacklist of tax haven, the regulator has said.

“This endorsement by the EU bears testimony to the array of reforms taken by the Government of Mauritius to adhere to the highest standards of tax transparency and information exchange,” said the Mauritius Financial Services Promotion Agency (FSPA).

Prior to the blacklist’s publication, on 9 November, Mauritius prime minister Pravind Kumar Jugnauth, pictured above, stressed the commitments being taken by Mauritius regarding international best practices.

“Mauritius is working with the OECD forum on harmful tax practices,” he said, “and the EU Code of Conduct Group to ensure that our tax regime has no harmful features.

“Mauritius remains a fully cooperative jurisdiction.”

Cooperation and “ongoing dialogue” between the EU and Mauritius would continue in 2018, said the FSPA, whereby Mauritius will continue to work on its “commitments to implement additional tax good governance principles”.

In August, Mauritius had also, in line with the international movement to fight tax evasion and base erosion, the FSPA confirmed, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.

“The non-inclusion of the Mauritius International Financial Centre on the EU non-cooperative jurisdictions list serves as a recognition for the country’s continuous efforts to comply with international standards and best practices”, the FSPA concluded.

ABOUT THE AUTHOR
Eugene Costello
Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

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