Mauritius is not on the current OECD blacklist of tax havens. This follows the Mauritian Government's commitment to eliminate harmful tax practices by the end of 2005, embracing international tax standards for transparency, exchange of information and fair tax competition. Furthermore, the report of the Financial Action Task Force (FATF) has identified Mauritius as a co-operative country in the fight against money-laundering. As part of its commitment to the OECD to eliminate harmful tax practices, the government has implemented certain immediate and long-term reforms for the offshore services industry. The long-term actions will be phased over the next five years. The measures announced in the budget speech 2000-2001, which affect international companies are as follows:
