Mauritius: A Credible and Transparent Jurisdiction
Port-Louis, Mauritius – 4th June 2019. This statement is in response to the publication of the “Corporate Tax Haven Index” (CTHI), by Tax Justice Network (TJN) on the 28th of May 2019, and subsequent articles published by the TJN.
These publications of the TJN are erroneous, and are causing prejudice to the repute of Mauritius, notably through allegations that Mauritius is “[one of] the most corrosive corporate tax havens against African countries”.
The fallacious articles are still reverberating that the Kenya High Court ruled against the Mauritius-Kenya Tax Treaty because it facilitated tax avoidance and revenue loss, and as such the TJN’s so-called Index reinforces their position.
Such a statement is a distortion of the truth.
On the contrary, the Kenya High Court rejected all the arguments put forward by the TJN regarding tax. The Judgement informed that all the necessary procedures pertaining to the ratification of the Treaty was not adhered to, and therefore the process would have to start again.
Furthermore, it is unfounded and erroneous to claim that Mauritius is a “Corrosive Corporate Tax Haven” when the country has:
- adopted all the internationally acclaimed standards in tax matters;
- enabled quality foreign investments in Africa leading to inclusive economic development;
- always practiced a policy of transparency and exchange of information;
- always proned a model for its jurisdiction based on substance;
- adopted a friendly, homogenised and flat system of taxation; and
- a real multi sectoral economic model.
Mauritius has always been at the forefront to adopt and collaborate with international best practices and standards set by leading globally recognised institutions.
Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes, the Base Erosion and Profit Shifting project,and the Common Reporting Standard. Furthermore, Mauritius is not on the blacklist of the European Union.
Mauritius is also a member of the Eastern and Southern Africa Anti-Money Laundering Group to implement the Financial Action Task Force’s (FATF) Recommendations. Our anti-money laundering and combatting the financing of terrorism systems and procedures have been successfully re-evaluated and were endorsed by the FATF Global Network.
In light of the above-mentioned facts, the Economic Development Board of Mauritius (EDB), the apex organization mandated, inter alia, to promote and develop Mauritius as an international financial centre, firmly maintain that Mauritius is not a “corrosive corporate tax haven”.
Economic Development Board
4th June 2019
For media queries, please contact:
Senvy Maistry, Head of Department for Communication, Country Branding & Digital Marketing
Phone: +230 203 3351
Haliima Soreefan, Investment Executive for Communication, Country Branding & Digital Marketing
Phone: +230 203 3857
For more information on the Mauritius International Financial Centre, please contact:
EDB’s Financial Services Division
Phone: +230 203 3800