Mauritius: Treasure Islands - Mapping the Geography of Corruption
Posted on Jul 29th, 2010 • Category: Africa
When is a tax haven not a tax haven? When Mauritius' Vice Prime Minister Ramakrishna Sithanen says so. 'We are a not a tax haven,' stated Sithanen, who is also the country's minister of finance. Ironically, Sithanen would go on to reveal that ring-fenced financial services (FS) - the legal and financial secrecy vehicles facilitating corporate mispricing and corruption marketed to foreign clients, especially India - accounts for 12.5 per cent of GDP.
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