#Latest news with #highincomeearnersBloomberg5 days agoBusinessBloombergMauritius Plans Temporary Tax Hikes to Stabilize Public FinancesMauritius will temporarily raise taxes on individuals and corporations and cut spending on some social programs to shore up revenue and stabilize public finances. The island nation known for having one of the most competitive tax jurisdictions in the world will introduce a so-called fair-share contribution on high-income earners and impose additional levies on profitable sectors for three years through June 2028. The new taxes will boost revenue on income and benefits by 31% in the coming year.
Bloomberg5 days agoBusinessBloombergMauritius Plans Temporary Tax Hikes to Stabilize Public FinancesMauritius will temporarily raise taxes on individuals and corporations and cut spending on some social programs to shore up revenue and stabilize public finances. The island nation known for having one of the most competitive tax jurisdictions in the world will introduce a so-called fair-share contribution on high-income earners and impose additional levies on profitable sectors for three years through June 2028. The new taxes will boost revenue on income and benefits by 31% in the coming year.
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