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Island Tax Haven Mauritius Roils India's Ways
David Marchant
Posted: Wednesday, August 29, 2012 8:30 AM
Joined: 9/13/2007
Posts: 413


The Wall Street Journal: This tiny island in the middle of the Indian Ocean has become the centerpiece of a raging world-wide debate: How should India tax foreign companies?

With its white-sand beaches and sugar-cane fields, Mauritius styles itself as a Cayman Islands to India, allowing investors to slash their tax bills by channeling money that is destined there. The result: 38% of all foreign direct investment in India, or $65.29 billion, traveled through the offshore center between 2000 and May 2012, including 6% that came directly from the U.S.

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their