Senegal and Mauritius Tax Row
By Moses Ben-
NEW AFRICA BUSINESS NEWS, Banjul, The Gambia- According to reports, the government of Senegal has made an open denouncement to government of Mauritius over issue of double taxation policy and threatens to abandon the treaty which was signed in 2002 between the two sister countries.
The double taxation treaty between the two countries, aim to boost bilateral trade and forester economic growth that will translate meaningfully, living standard of their people.
According to the reports from Senegalese Finance ministry, the government has so far lost more than $250 million dollars in tax revenue. A great financial gap which Senegal will no longer courageous to undertake with such huge economic burden.
Moreover, government of Senegal also believes that Mauritius economy is on the red alert list of the European Union. Even though home to many mining companies. Now these companies bypasses core areas of tax revenue, compliment government effort by taking advantage of Double taxation treaty between countries .
For New Africa Business News MOSES BEN Africa Correspondent