Friday, July 6, 2012
Take Agalega, Leave DTAA Alone
Seems to have offered Mauritius according to an article published in the Times of India a little while ago.
What's going on here? First policies to attract unproductive FDI are implemented for seven years. These fail miserably and we end up with a lot of debt and structural problems. Now, we're giving away our territory to save a treaty?
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Thankfully, Arvind immediately denied having said anything like that. And it seems that the paper who tried to light the fuse to this bomb is not new to this method. Which confirms that India is not our big brother, far from that.
Nor is Singapore a brother: it wants its share of the cake too...
Of course Singapore will ask for a similar deal. It's only our local dumbasses who believe treaties are permanent sources of competitiveness.
Listened to a bozo on TV a couple of days ago talking of the 'predictability and certainty' rubbish.
India is considering postponing application of GAAR by one year.
Funny that the toxic bean-counter cum expert in electoral galimatia bragged about how he paid for his own Indian trip the last time. Funnier that radio people didn't ask him to tell us how much money he has earned since this treaty exists.
True. That may be too difficult a question for them. But they could have asked him in which field he is currently working.
Should we be surprised that India is trying to reduce tax revenue leakages when only 3% of Indian file tax returns?
Well, Rama is still crying wolf!
The comments inviting him to reflect on his own notoriously transparent JinFei deal are most savoury...
Nu konpran ki li pe sote kumsa parski so gayn-pin anze. Bann argiman ase komik ler nu konsider keyk ki linn fane kom minis de finans.
Same kind of dumb thinking we've seen before.
The offshore sector accounts for about 7% of tax revenues so it's something that we can easily deal with considering all the leeway we've got. Enough to reverse the nonsense that was thrust upon us. On top of the strong foundation of 'competitive depreciation'.
The offshore sector is not the only sector in our economy let alone the only segment of our finance sector. The TINA bean-counter has made us pay a heavy price to build a facade of low tax jurisdiction.
And we've lost so much time. As if Africa has been waiting for us.
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