BLACKMONEY-MAURITIUS 2 LAST

There are agreements in place for exchange of information
on entities indulging in tax evasion and tax frauds, but
concerns have been raised over certain lapses.
As per the existing practice, a bank in Mauritius can
inform its customer if a request has been made by India for
information about that person on suspicion of wrong-doing and
such disclosure to the concerned entity can hamper the probe.
Some lapses have also been been pointed out by OECD, the
global agency working on implementation of international
standards on taxation and other matters.
An OECD review report last month said that the two
countries have a pact in place for automatic exchange of
information on a routine basis, but this is not carried out in
practice.
Mauritius has not exchanged information spontaneously
either, over the last three years, the OECD said, while adding
that the maximum number of information exchange requests
received by Mauritius were from India. PTI