Word: mauritius
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...Annan also weighed in, calling on African leaders to find a solution to the situation, which he called "a serious crisis with impact beyond Zimbabwe." But leaders of the Southern African Development Community (SADC) kept noticeably quiet on Zimbabwe at a summit on poverty and development being held in Mauritius - except to ask South African President Thabo Mbeki to continue to lead mediation efforts on their behalf...
...walk of a white-sand Indian Ocean beach, an 18 hole golf course and a five-star hotel with a spa and top-class restaurants. You want, in other words, Corniche Bay, a development of 115 such villas and a 75-bedroom hotel on the secluded southwestern tip of Mauritius. It's one of a few high-end resorts on the island that, for the first time, allow nonresident foreigners to buy property. Each villa has its own uninterrupted sea view angled toward the sunset, an infinity pool and a lush, landscaped garden. The resort is huge, mostly car-free...
That may seem like a hefty chunk of change for a holiday home, until you consider that it also buys you one of the greatest luxuries of all: a tax break. In its bid to become an international financial center, Mauritius secured double taxation-avoidance treaties with 33 countries, and 14 more are pending. Since villa ownership grants Mauritian residency, even if you live and earn in, say, Britain or France or India or China (almost anywhere, in fact, except Japan and the U.S.), you can legally pay income tax in Mauritius - at 15%. So anyone who buys a villa...
...firm that employs 500 people in Puerto Rico, a Chinese auto-parts maker with R&D centers in Detroit and Ontario, Calif. If you're a region trying to hang on to business, geography offers little protection anymore, especially as free-trade zones proliferate in countries from Dubai to Mauritius, and burgeoning heavyweights like Turkey take out full-page ads in US magazines boasting about their university graduates and gains in GDP. "Your competitors are in your backyard now in a way they never were before," says Alec Hansen, president of the Economic Competitiveness Group, an outfit that advises governments...
...MAURITIUS...