September 9, 2019

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The role of exchange of information in combating tax crimes to spur economic transformation in Africa.

Session focus:

  1. Tax Administrations have grappled with issues such as Transfer Pricing, Base Erosion & Profit Shifting (BEPS) and a number of other tax crimes.
  2. This poses a serious risk to Tax Revenues particularly in Developing economies that host Multinational Enterprises (MNEs).
  3. While African economies are making strides to improve BEPS rules into their legislation, there is a need to focus on solutions that will help African nations safeguard revenue from challenges arising from the rapid globalization and digitization that are likely to spur IFFs and Tax Crimes.
  4. Intelligence gathering, sharing and analysis therefore forms a critical basis for tackling these challenges.
  5. This session will focus on instruments, treaties and other solutions that Africa can adopt in enhancing intelligence management to curb and protect illicit financial flows into and out of Africa