FOREIGN Portfolio Investments (FPIs) through Mauritius enjoyed distinct tax advantages until recently in terms of lower withholding tax @ 5% on dividends, interest and fee for technical services pay-outs and long-term capital gains on sale of shares of Indian companies being tax-free. No wonders that a record 50.20 billion

THANKS to the OECD's publicity blitz, by now, most people are aware of the OECD's two pillar approach - a Pillar one representing the rules and conditions for the allocation of an additional taxing right to source countries - the so-called amount A representing a tiny fraction of profits in