Abusive Transfer Pricing and the effect of Revenue Generation in Africa is the focus of this article.
Base erosion and profit shifting (BEPS) refers to tax planning strategies used by multinational enterprises that exploit gaps and mismatches in tax rules to avoid paying tax.
Developing countries’ higher reliance on corporate income tax means they suffer from BEPS disproportionately. BEPS practices cost countries USD 100-240 billion in lost revenue annually.
In this edition of “A Stitch In Tax, Saves Cash”, we are looking at Africa’s response to Corporate Tax Avoidance as well as the BEPS 15 Action Plan to tackle tax avoidance and improve the coherence of international tax as a way to ensure a more transparent tax environment. Read here and feel free to share your thoughts with me.
BEPS: Abusive Transfer Pricing and the effect of Revenue Generation in Africa
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