OECD: TAX TRANSPARENCY IN AFRICA REPORT

On 25 June, a release on Mondo Visione advised that the report depicts the state of play for 32 African Union Member States and others. It shows the progress achieved on the 2 cornerstones of the Initiative – raising political awareness and commitment and developing capacities in tax transparency and exchange of information (EOI). Tax transparency and EOI have a crucial role to play in helping African governments stem illicit financial flows (IFF) and increase domestic revenue mobilisation. The article and report refer to the growing number of countries joining the OECD Convention on Mutual Administrative Assistance in Tax Matters  Despite this and other progress, important challenges remain ahead, among which the expansion of staff’s knowledge, the availability of beneficial ownership information and the effective implementation of AEOI.

https://mondovisione.com/media-and-resources/news/oecd-significant-progress-made-in-fighting-tax-evasion-and-illicit-financial-fl/

The report itself is available at –

https://www.oecd.org/tax/transparency/documents/Tax-Transparency-in-Africa-2020.pdf

 

 

 

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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