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Mauritius tax haven over, foreign investment could be hurt: PwC

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With the introduction of the GAAR, or General anti-avoidance rule in the Budget, Mauritius as a tax haven could be over, feels Rahul Garg, leader of direct tax practice at PricewaterhouseCoopers, a consulting firm. "GAAR specifically over-rides treaty transactions. Large foreign institutional investors have been thinking and planning for this situation," Garg said.

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