In December 2010, Mauritius signed a Tax Information Exchange Agreement with Australia and there are others in the pipeline. Mauritius has never refused to sign an exchange of information agreement. In January 2011, the OECD commented favourably on our jurisdiction. We are now on the OECD “White List” as a jurisdiction with acceptable tax standards in compliance with OECD norms and best-practice principles.
These reforms are necessary to promote economic growth. The level of gross foreign exchange reserves as at 9 June 2006 was K2,990 million $ million), a record high in our history, sufficient for 7.0 months of total and 11.0 months of non-mineral import cover.