Dentons would like to thank Priscilla Balgobin-Bhoyrul and Rowin
Gurusami of Balgobin Chambers in Mauritius for this
month's contribution to the Africa section of the Dentons South
Africa newsletter. In this article, Priscilla and Rowin discuss the
implementation of the OECD's Base Erosion and Profit Shifting
Project in Mauritius.
Introduction
The Organisation for Economic Co-operation and Development
(OECD) is an economic organisation made up of 35 member countries,
with the aim of encouraging economic progress and world trade. In
2015, the OECD developed the Base Erosion and Profit Shifting
(BEPS) Project, made up of reports on 15 action plans, with the aim
to attack aggressive tax planning strategies undertaken by
multinational companies exploiting gaps in tax regulations to shift
profits to low or no-tax locations where such companies have little
or no economic activity. In November 2016, the OECD presented the
main text on the Multilateral Convention to
