One Company’s Tax ‘Heaven’ Is Senegal’s Tax ‘Hell’
A lopsided tax treaty between Mauritius and Senegal means, with the right paper work, companies working in Senegal can avoid paying millions in taxes. When one of the world’s largest engineering companies scored a $50 million deal to build a processing plant in Senegal, one of the world’s poorest countries, it looked to a tiny […]
Without improving tax collection, East African countries will not be able to effectively finance the building of infrastructure and the provision of public services
The Pay As You Earn (PAYE) tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending. That means businesses must ensure that their payrolls are fully compliant with the laws and regulations around collection […]
French police raid Google’s Paris headquarters as part of €1.6 billion tax fraud investigation
French police searched the Paris offices of U.S. internet giant Google today as part of a tax evasion and money laundering investigation, it has emerged. Authorities believe Google owes 1.6 billion euros (£1.2billion) in back taxes in France, a source close to the matter said in February. The investigation, which started in June last year, […]
Foreign Companies Evading Tax in Africa
The executive director, Oxfam International, United Kingdom, Ms Winnie Byanyima, has emphasised the need to link economic growth to poverty reduction. She pointed out that, between 2003 and 2009, strong oil-driven growth in Nigeria only benefitted 10 per cent of the population, the number of poor people in the country actually increased during that period. […]
363,000 Companies Never Paid Any Tax in Nigeria
Minister of Finance, Mrs. Kemi Adeosun, has disclosed that in the last seven months, the Federal Government has discovered 363,000 companies operating in Nigeria that have never paid any tax before. These companies were said to have evaded several billions of naira in taxes. Adeosun, who made this disclosure yesterday at a panel discussion on […]
U.S. will support Guinea-Bissau in improving its tax system
The Treasury Department of the United States of America, in the second half of this year, will support Guinea-Bissau in improving its national tax system, announced the Guinean Minister of Economy and Finance, Geraldo Martins. “We talked to the US Treasury, which from the second half of this year will start giving support to Guinea-Bissau […]
