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Showing posts with the label BRICs and FDI

Via Mauritius

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When An Indian heard word “Mauritius” first thing come in mind is beautiful seashore, natural beauty , rivers and Honeymoon package. but Mauritius also famous for Tax heaven. We heard lots about Mauritius and FDI flows in India , 40% of Total FDI come form single building of Mauritius - A 12-storey building in the heart of Port Louis, the capital of Mauritius, holds significance in India's FDI inflows story. Much of the $55-billion investment into India from the island — which accounts for 40 per cent of India's FDI — originates from just this one building. (http://www.indianexpress.com/news/40--of-indias-fdi-comes-from-this-bldg/990943/) It's not Only India's problem , it's problem of all BRICs countries .BRICs are leaking tax revenues is that each country’s biggest source of outside investment is a tax haven . China counts the tiny Caribbean bolthole of the British Virgin Islands as its biggest source of foreign investment (not including the Chin...