India Resumes Tax Treaty Talks With Mauritius

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Finance minister Pranab Mukherjee said on Tuesday the country has resumed talks with Mauritius on a double taxation avoidance agreement.<br><br>"So far as the Mauritius double taxation avoidance agreement negotiations are concerned, it is an old one. For some time the talks were suspended; now it has resumed," Mukherjee said.<br><br>The Indian government has been under pressure from opposition parties to renegotiate a treaty blamed for huge revenue losses, as Indian investors ship their money to Mauritius and then funnel it back untaxed.<br><br>Officials have said the country was losing more than $600 million every year in revenue because of the tax treaty, besides incurring the risk of militant groups using it to route money into India.<br><br>(PTI)</p>