OECD: Report on international tax and Africa
Importance of the international tax agenda for African economies
Importance of the international tax agenda for African economies
The Organisation for Economic Cooperation and Development (OECD) today issued a report for G7 Finance Ministers and Central Bank Governors reflecting the OECD’s cooperation with Africa on tax matters and the importance of the international tax agenda for African economies.
According to today’s OECD release, the report:
- Discusses domestic resource mobilisation (DRM) efforts within African policy objectives and priorities, including the African Union’s Agenda 2063, and which actions should be taken to further increase DRM in Africa
- Analyses African involvement in discussions on corporate tax and how African participation in policy-setting and technical discussions could be further improved
- Shows how African voices have shaped the design of the two-pillar solution to address the tax challenges arising from the digitalisation of the economy, and discusses its benefits for African countries and challenges for implementation
- Provides an overview of OECD’s initiatives to support capacity building on tax in Africa, many of which are undertaken in partnership with other international and regional organisations
- Reflects on the broader tax policy agenda including VAT, tax transparency, tax and crime, digitalisation of tax administrations, and tax and informality
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