Tax Justice Network-Africa urges govts. to review corporate tax breaks, collaborate on stopping illicit financial flows

Author: GhanaWeb, Published on: 28 June 2015

'Review tax incentives for free zone companies', 29 Jun 2015: The Policy and Advocacy Manager of Tax Justice Network-Africa (TJN-A) has urged African governments to review tax incentives for free zone companies. “Tax incentives must apply to companies that…create massive employment and other…benefit[s]…[for] citizen[s]…” Mr Savior Mwambwa said. He urged African governments to be cautious of signing tax treaties, he further advised them not to fall into the “trap of tax competition and tax incentives”…Mr Mwambwa said this…[at a] Tax Justice Network-Africa and University of Cape Town…training programme for 25 journalists from Africa on tax, illicit financial flows (IFFs) and domestic resource mobilisation to finance Africa’s development…Mr Mwambwa advised governments to train tax administrators and share best practices with fellow African countries. He also called for the formation of regional alliances to enforce the rules that would propel Africa’s economic development…A Pan-African media award scheme for the best report on taxation in Africa will be launched after the training.

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