Category: Burkina Faso
More than 100 governments now signed up to international tax convention
Five more governments have signed up to an international convention on cooperating with tax authorities around the world, bringing the number of participating jurisdictions to 103. The OECD’s Convention on Mutual Administrative Assistance in Tax Matters is a wide-reaching agreement to exchange information about taxpayers between authorities either on request… – Continue reading
Panama thumbs its nose at transparency – again
We have on several occasions fingered Panama as a particularly recalcitrant secrecy jurisdiction: our recent Panama Narrative Report spills a fair number of beans in that respect. Its recalcitrance is perhaps hardly surprising, given the quantity of Colombian and Mexican drugs money believed to be sheltered there – to name… – Continue reading
EAC STATES ADOPT NEW MEASURES TO CURB TAX LOSS
Multinationals operating in Kenya, Tanzania and Uganda will be among the first in Africa to feel the impact of new measures to be adopted in January to curb tax losses caused by manipulation of contracts between related companies. The three countries together with Nigeria, Ghana, Burkina Faso, Senegal, Botswana and… – Continue reading
Kenya: ‘Kenya Losing Billions to Tax Havens’
The government has been accused of opening a loophole that allows super rich individuals and multinational companies to avoid taxes. The Tax Justice Network (TJN), a lobby group, has sued the government over agreements, which it says are robbing Kenya of the ability to raise revenues domestically, driving the country… – Continue reading
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports
On August 3, 2015 the Global Forum on Transparency and Exchange of Information for Tax Purposes published 12 new peer review reports. Phase 1 reports were published on: Albania, Burkina Faso, Cameroon, Dominican Republic, Lesotho, Pakistan and Uganda. The reports assessed these countries’ legal and regulatory frameworks for transparency and… – Continue reading
Burkina Faso’s finance minister under investigation over tax evasion
OUAGADOUGOU, July 29 (Xinhua) — Burkina Faso’s Transition Parliament has questioned the country’s economy and finance minister as it opened an inquiry into tax evasion, a parliamentary source told Xinhua on Tuesday. Official sources revealed that the government had in the last five years lost approximately 40 million U.S. dollars… – Continue reading
