It is appropriately said that a picture speaks louder than 1000 words and here we have a chart which shows that maximum FDI which comes to India is from Mauritius. Thus seeing the chart we can all see that FIIs and investors are using the route of Mauritius to escape taxation on their profits/investments if applicable. Thus they should not weep on GAAR India proposals as aim is to avoid countries/investors/Fiis taking unnecessary advantage of laws and they should pay tax on their dealings correctly.
No doubt Mauritius Mauritius is No #1 as it leads in FDI inflow in India and it beats other countries hands down. Have a look as more than $55 billion worth of money has been invested in India after being routed through Mauritius. So this is not fair for us as a nation and Finance Minister is doing the right things by plugging the loopholes.
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