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When is a tax haven not a tax haven? When Mauritius’ Vice Prime Minister Ramakrishna Sithanen says so. “We are a not a tax haven,” stated Sithanen, who is also the country’s Minister of Finance. Ironically, Sithanen would go on to reveal that ring-fenced financial services (FS) — the legal and financial secrecy vehicles facilitating corporate mispricing and corruption marketed to foreign clients, especially India — accounts for 12.5% of GDP.




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