Two pioneering studies which expose in new detail how multinational corporations avoid paying tax in a developing nation are likely to intensify pressure on the largest firms operating in Africa to pay their fair share of taxes to the countries in which they earn their profits.
How Multinationals Avoid Paying Their Taxes
allAfrica, 16 January 2019
Two pioneering studies which expose in new detail how multinational corporations avoid paying tax in a developing nation are likely to intensify pressure on the largest firms… Read more »
Africa's Loss Through Illicit Financial Flows Rises to $80bn Annually - Thabo Mbeki
Premium Times, 4 October 2018
Africa's annual loss through illicit financial flows (IFFs) has increased from $50 billion in 2015 to over $80 billion, former South African President, Thabo Mbeki, has said. Read more »
Stolen Funds Dwarf Development Aid - Mbeki
allAfrica, 20 March 2014
The illicit flow of money out of Africa is at least double what the continent receives from development assistance, according to conservative estimates. Large corporations are… Read more »
A graph showing the discrepancy between taxable income reported in South Africa by multinationals owned by companies in tax havens and the predicted actual income judged by normal standards of profitability.
Globally, the largest 0.001 per cent of firms earn roughly one-third of all corporate profits. Nonetheless, there is little understanding of how ... see more »
This paper provides the first direct systematic evidence of profit shifting through transfer mispricing in a developing country. Using South African ... see more »
Former Tanzania president Benjamin Mkapa says domestic resource mobilisation will help African countries in their pursuit to finance their own development. Mkapa said this during ... Read more »
The High-level Panel on Illicit Financial Flows from Africa, headed by former South African President Thabo Mbeki, says an estimated $50 to $60 billion is leaving the continent ... Read more »
Africa is losing more than $60 billion every year through illicit financial transactions - double to amount of aid the continent receives - and the outflow is increasing, according ... Read more »
The Tax Justice Network-Africa has said that the Panama Papers scandal has amplified the need for more stringent measures to be taken against illicit financial flows. Read more »
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