The events of Monday (20th June, 2011) may be attributed to the nervous, knee-jerk reaction of an already skittish market because for those of you who don't watch this show regularly and hence don't know - even without a treaty renegotiation the Mauritius route maybe, slowly and surely, losing its attractiveness. Hyper scrutiny by the tax department and the imminent arrival of GAAR could make Mauritius more about beach bumming than treaty shopping. So what is the future of the Mauritius route? We have a panorama of views on the show this week- Senior Advocate Porus Kaka; Khaitan Partner Daksha Baxi; Private Equity veteran Prakash Nene; Former CBDT Joint Secretary DP Sengupta; Former CBDT Chairman TN Pandey and joining us from Mauritius - a well recognized member of the country's financial services industry- Couldip Lala.
Doshi: Can I make the case and would you agree that we have been seeing hyper scrutiny when it comes to transactions or money flows that are using the Mauritius route? Kaka: Absolutely. Whether you look at investors from third countries- like the E-Trade Transaction or alleged cases- what the revenue feels of round tripping, all major FDIs are being investigated- E-Trade, Aditya Birla, Vodafone Essar. But it is currently on FDI. It hasnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
