Search Results for: Mauritius
10 results out of 125 results found for 'Mauritius'.
TRADE WAR RAISING THE SPECTRE OF FRAUDULENT TEXTILE-GARMENT SHIPPING FROM CHINA TO US VIA SE ASIAN ROUTES
IN its trade war against China, the Trump administration in the USA has added tariffs on a wide range of upstream textile inputs and fashion-related consumer products, raising the spectre of fraudulent rerouting of Chinese textile-garment products through neighbouring regions, notably south-east Asia.…
AFRICAN COMMONWEALTH ANTI-CORRUPTION CENTRE TARGETS GROWTH THROUGH FIGHTING GRAFT
CORRUPTION saps economic competition that drives productivity improvements and grows emerging market economies – this is a key reason behind the establishment of the Commonwealth Africa Anti-Corruption Centre (CAACC). Another is the established link between the perception of risk from corrupt practices in a country and foreign economic investment.…
TECHNICAL REGULATORY ROUND UP - OECD RELEASES TAX EXCHANGE DATA
OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR
THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…
LOW LEVELS OF AFRICA TAX TAKE DEMONSTRATED BY OECD
DATA has been released by the Organisation for Economic Cooperation & Development (OECD) that shows how African governments collect less tax as a proportion of their countries’ wealth than in Latin America and the Caribbean. Africa’s average 2015 tax-to-GDP ratio was 19.1%; compared to 22.8% in Latin America/Caribbean and 34.3% for the 35 richer countries within the OECD.…
MAURITIAN TEXTILE SECTOR AT CROSSROADS FACING FRESH CHALLENGES
THE MAURITIUS textile and clothing industry is facing tough times, with exports falling amidst unfavourable currency shifts. Clothing and textile exports by value to all destinations fell by 9% in 2016, according to the Mauritius Export Association (MEXA), which has noted such sales declines have been happening for the last five years in key export markets.…
INTERNATIONAL TECHNICAL REGULATORY ROUND UP – SA MULLS TAX EXEMPTION END
SOUTH AFRICA MULLS REMOVING OVERSEAS WORK TAX EXEMPTION
The South African National Treasury and the South African Revenue Service (SARS) have proposed a 2017 Draft Tax Administration Laws Amendment Bill that would remove a tax exemption for South African residents working overseas for more than 183 days (at least 60 days continuously).…
EU-VIETNAM FREE TRADE AGREEMENT WILL BE BIG BOON FOR VIETNAMESE EXPORTERS SAYS EU CHAMBER
THE EUROPEAN Chamber of Commerce in Vietnam (EuroCham) is predicting that trade in clothing and textile products between Vietnam and the European Union (EU) will grow significantly once the free trade agreement struck between the two jurisdictions comes into force next year (2018).…
NEW CORPORATE CODE DESIGNED TO GIVE FRESH IMPETUS TO MAURITIUS BUSINESS
MAURITIUS has embarked on a comprehensive reform of its national corporate governance code, the island state’s first such change in almost 13 years. This programme has been welcomed by accounting and law professionals as an important milestone by the local business community.…
SRI LANKA’S COSMETIC INDUSTRY ANGERED OVER WEAK IMPORT REGULATION
Sri Lanka’s cosmetic and beauty product manufacturers are becoming increasingly anxious over the lack of sales regulations, promoting significant volumes of lower grade cosmetic imports, putting local manufacturers at risk.
Until July 2015, there was a specific authority to oversee cosmetic products being imported as well as distributed in the country.…
PAN-AFRICAN BANKS OFFER MORE FINANCIAL SERVICES TO MORE AFRICANS – BUT REGULATION IS PROVING A CHALLENGE
AFRICA’S economic growth means it does not just have more banks than before, banking groups are spreading across national borders. And while this can boost banks’ lending and savings security, it also complicates the job of regulators charged with ensuring such institutions are honest and solvent.…