AllAfrica
Are Kenyan tax holidays over?
Here's a headline (see picture) that should send ripples across the whole of Africa. Kenya's Business Daily reports that the Kenyan government is considering plans to withdraw tax exemptions granted to foreign investors, including ten year tax holidays on corporate profits and ten year withholding … [Read more...]
Tanzanian MP Zitto Kabwe calls on Commonwealth to tackle illicit capital flight
This is the transcript of the presentation by Zitto Kabwe, MP United Republic of Tanzania delivered to the 60th Commonwealth Parliamentary Conference Yaoundé, Cameroon, 2th – 10th October, 2014 … [Read more...]
Uganda hits Tullow Oil with $407m tax bill
UPDATE: We have received the following comment from Professor Sol Picciotto, senior adviser to TJN: The Tullow case is interesting because the Tax Tribunal held that a clause in a production sharing agreement signed by a government Minister which gave exemption from taxes could not override the tax … [Read more...]
Network launched in Zimbabwe to counter illicit financial flows
Our partners at the African Forum and Network on Debt and Development (AFRODAD) have announced the launch of a new network - the Zimbabwe Network Against Illicit Financial Flows (ZINAIFF). The network membership includes AFRODAD, the Centre for Natural Resource Governance, Transparency … [Read more...]
Honest Accounts? The true story of Africa’s billion dollar losses
For decades Western countries have peddled a fairy tale about Africa's plight. The tale spins a homely story of how the West provides development aid to assist African nations overcome their own shortcomings. The tale is, of course, a vicious and mendacious nonsense. As this new report from … [Read more...]
From The Namibian: an open letter to De Beers on transfer pricing
FROM TODAY'S EDITION LETTERS AS NAMIBIAN political activists, we are writing to you because we are greatly concerned about your transfer-pricing methods. We know that transfer-pricing occurs when two companies from the same multinational corporation trade with each other. … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner It’s just take, take, take… Three members of Take That, the highly successful UK boy band, have been caught “on the take” by Her Majesty’s Revenue and Customs (HMRC). … [Read more...]
African Countries Lose Billions through Misinvoiced Trade
Press Release - Global Financial Integrity African Countries Lose Billions through Misinvoiced Trade Fraudulent Trade Transactions Channeled at Least US$60.8 Billion Illegally in or out of 5 African Countries from 2002-2011 … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner Switzerland-India Dispute Last week we reported that India is getting tough with Cyprus and Mauritius on tax. This week it is Switzerland’s turn to feel Indian ire. … [Read more...]
The Offshore Wrapper: A week in Tax Justice
The Offshore Wrapper is written by George Turner "In Formula One, everyone cheats. The trick is not to get caught." … [Read more...]
The Offshore Wrapper: A week in tax justice
The Offshore Wrapper is written by George Turner Nigeria – failed state? Recently Nigeria almost doubled its GDP in a day, showing that strong growth in a time of global economic malaise is still possible - on paper at least. … [Read more...]
The Offshore Wrapper: A week in tax justice
The Offshore Wrapper is written by George Turner Elephant in the room The Africa-EU Summit took place this weekend. The high-level event saw the heads of state and government from Africa and the EU discussing “investing in people, prosperity and peace”. … [Read more...]
European Investment Bank exposes “hypocritical nature of western financial institutions”
The Guardian has published an article, picked up by media across the world, about the NGO follow-up to revelations in 2011 that the European Investment Bank had lent money to the Zambian firm Mopani Copper Mines (a.k.a. Glencore) which avoided paying tens of millions of dollars in local tax. At … [Read more...]
The Offshore Wrapper: a week in tax justice
The Offshore Wrapper is written by George Turner Tax avoidance in Africa – worse than we thought … [Read more...]
