Dr Ngozi Okonjo-Iweala, Nigeria Finance Minister
DAKAR, (Reuters) – Leaky tax administration could result in the loss of an estimated $56 billion dollars for West African governments over six years, potentially costing them as much as they receive in foreign aid, according to a study released on Friday.
A report from Open Society Institute West Africa (OSIWA) and global development think tank Dalberg found that West African countries stood to lose $56 billion between 2012 and 2018 in tax revenue from corporations, most from ineffective tax incentives and transfer pricing.
Transfer pricing in Africa often refers to the practice of an overseas unit …Read More
Source:: PM Newspaper
