Stimulus package!

Today i receive a mail which for me is like a trouvaille. The author of this article strongly criticised the Grand Argentier’s stiumulus package. According to Sithanen, the package is supposed to help us face the economic crisis which is sriking us right into our face.

The stimulus package provides no registration nor land transfer tax for a developer who carries out estate building worth MUR 50 million or more. Neither the seller nor the buyer will be required to pay registration tax.  I agree that this is an attempt to attract more FDI but at the same time it could encourage money laundering. What do you think? A secong illovo deal as the author mentioned??

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