Posts Tagged ‘Africa’

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In order to allow people-centred and inclusive development, there is need to promote and enhance macro-economic governance, starting at continental level, which then trickles down to all state levels.

A new report suggests that ineffective and unjust tax systems are widening the gap between the richest and poorest members of society in a number of African countries, despite an increase in economic growth.

The figures are staggering: between $1.2 trillion and $1.4 trillion has left Africa through illicit financial flows between 1980 and 2009—roughly equal to Africa’s current gross domestic product and surpassing, by far, the money it received from outside over the same period.

African countries should broaden their tax base by capturing more of the informal sector in the tax net and levying mining companies more effectively, according to a continent-wide tax platform.

African Tax Administration Forum (ATAF) officials say Uganda has made strides in using the mobile phone tax payment to increase compliance. They say the South African Revenue Service is weighing its options on the move.

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