Ajit Ranade Praveen Chakravarty June 04, 2016 India signed a tax treaty with Mauritius in 1983 that gave Mauritius the sole right to tax investment gains made by investing in India. The 2016 budget session of the Parliament saw the ushering in of a monetary policy committee for deciding interest rates in the country, a bankruptcy code for smooth recovery of debts and end of a tax holiday with a tiny island nation, known more for its idyllic beaches — Mauritius. All laudable achievements. The Mauritius treaty change was an executive decision, unlike the other two, which were legislative. We argue below that the...

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