Publishing Date : 31 July, 2018
Author : TSAONE SEGAETSHO
Mountbatten Limited, a company incorporated in a commonly regarded tax haven jurisdiction of British Virgin Islands, is home and dry in buying Wilderness Holdings’ safari camp known as Xigera Camp in the tourism paradise of Okavango Delta, WeekendPost has established.
This publication understands that, Wilderness Holdings through its subsidiary Okavango Wilderness Safaris has offered to sell its offspring company, Great Explorations (Pty) Ltd, to Mountbatten― a deal which will see the tax haven based foreign corporation owning the Xigeria Camp which is based on Botswana soil. Technically, Xigera Lodge will move from the Botswana tax regime to a regarded tax haven, simply meaning the country will lose on tax revenues of a lodge build on its paradise’s soils to an offshore company in an apparent tax avoidance endeavor.
The country where Mountbatten is registered, the British Virgin Islands, is regarded by
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