![Betamax Ltd v State Trading Corporation (Mauritius) [2021] UKPC 14: Public Policy Challenge Does Not Allow Reopening of Decided Issues of Fact or Law](/img/noticias/202603/betamax-ltd-v-state-trading-corporation-.jpg)
FPIs, foreign VCs pin hopes on tax residency proof to avoid hit
Published on: Thursday 22 December 2022
The adequacy of TRC has often been questioned by the Income tax (I-T) department on the grounds that investing entities were mere dummies set up for treaty shopping and deriving tax benefit while actual control lay with holding companies and investors in other locations which do not qualify for tax exemption.
