Mauritius for a little over a decade has become a key component that oils the Indian capital market as a hub for routing financial investments into India besides being a beach destination that beckons thousands of visitors to its coral reefs and picture-perfect underwater world every year. Be it a multinational firm investing in its Indian subsidiary, a private equity firm looking to take advantage of tax loopholes or even an Indian promoter routing a part of his/her own holdings in a group company through a Mauritius arm, the island nation is easily the favourite tax haven for investors into India.
However, certain sections of the Indian government have raised concerns of "round tripping" of funds which, in effect, leads to loss for the Indian exchequer. There have been talks of trying to plug the loopholes for quite some time. And, there are rumours that this time around, it might just happen.
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